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3 years ago

For each item below, indicate whether a debit or credit applies.

Business

1 answer:

Mandarinka [93]3 years ago

8 0

Answer and Explanation:

The indication of each transaction is as follows

a. Note payable contains credit balance so if there is decrease so it would be shown on the debit side

b. Dividend contains debit balance so if there is an increase so it would be shown on the debit side

c. Common stock contains credit balance so if there is an increase so it would be shown on the credit side

d. Unearned rent revenue contains credit balance so if there is an increase so it would be shown on the credit side

e. Interest payable contains credit balance so if there is decrease so it would be shown on the debit side

f. Prepaid insurance contains debit balance so if there is an increase so it would be shown on the debit side

g. Expense contains debit balance so if there is an decrease so it would be shown on the credit side

h. Supplies contains debit balance so if there is an decrease so it would be shown on the credit side

i. Revenue contains credit balance so if there is an increase so it would be shown on the credit side

j. Account receivable contains debit balance so if there is an decrease so it would be shown on the credit side

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WILL MARK BRAINLIST!

const2013 [10]

Answer:

Hello! Your answer shall be, BELOW

Explanation:

Preparing a trial balance for a company serves to detect any mathematical errors that have occurred in the double-entry accounting system. If the total debits equal the total credits, the trial balance is considered to be balanced, and there should be no mathematical errors in the ledgers.

A Trial Balance is prepared to check whether the debit balance FOR the credit balance, which is the primary goal of accounting?

Hope I helped! Ask me anything if you have any questions. Brainiest plz!♥ Hope you make a 100%. Have a nice morning! -Amelia♥

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Answer: B

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Colt1911 [192]

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2 years ago

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Dima020 [189]

Answer:

The correct answer is option d.

Explanation:

Monopolistic competition is the market where there is a large number of firms producing differentiated products. The firms are price makers and face a downward sloping curve. There is very low or no barriers to entry and exit.

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