28) Paid voucher #422, payment was within the discount period.

Debit ________ & ________ & ________ Credit ________ & ________ & ________

 

29) Prepared and recorded voucher #425 for the purchase of merchandise (net method) of $2,000 with credit terms of 2/10, n/30.

Debit ________ & ________ & ________ Credit ________ & ________ & ________

30) Paid voucher #425, payment was after the discount period.

Debit ________ & ________ & ________ Credit ________ & ________ & ________

 

For each of the following, identify in Column 1 the category to which the account belongs, in Column 2 the normal balance for the account, in Column 3 the financial statement in which the account balance is reported, and in Column 4 the account’s nature (permanent/temporary).

 

31)

 

Column 1

Column 2

Column 3

Column 4

Cash in bank

 

 

 

 

 

 

 

32)

 

Column 1

Column 2

Column 3

Column 4

Petty cash

 

 

 

 

 

 

 

33)

 

Column 1

Column 2

Column 3

Column 4

Supplies

 

 

 

 

 

 

34)

 

Column 1

Column 2

Column 3

Column 4

Equipment

 

 

 

 

 

 

 

35)

 

Column 1

Column 2

Column 3

Column 4

Notes payable

 

 

 

 

 

 

36)

 

Column 1

Column 2

Column 3

Column 4

Vouchers payable

 

 

 

 

 

 

 

37)

 

Column 1

Column 2

Column 3

Column 4

FICA payable

 

 

 

 

 

 

 



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