Solved

David Roberts Is a Real Estate Appraiser

Question 158

Essay

David Roberts is a real estate appraiser.Shown below are (a)several accounts in his ledger with each account preceded by an identification number and (b)several transactions completed by Roberts.Indicate the accounts debited and credited when recording each transaction by placing the proper account identification numbers to the right of each transaction.
 1.  Accounts Payable 8. Office Supplies Expense 2. Accounts Receivable 9. Prepaid Insurance 3. Appraisal Fees Earned 10. Salaries Expense 4. Cash 11. Telephone Expense 5. Insurance Expense 12. Unearned Appraisal Fees 6. Office Equipment 13. Common Stock 7. Office Supplies 14. Dividends \begin{array}{l|l|l|l}\hline \text { 1. } & \text { Accounts Payable } & 8 . & \text { Office Supplies Expense } \\\hline 2 . & \text { Accounts Receivable } & 9 . & \text { Prepaid Insurance } \\\hline 3 . & \text { Appraisal Fees Earned } & 10 . & \text { Salaries Expense } \\\hline 4 . & \text { Cash } & 11 . & \text { Telephone Expense } \\\hline 5 . & \text { Insurance Expense } & 12 . & \text { Unearned Appraisal Fees } \\\hline 6 . & \text { Office Equipment } & 13 . & \text { Common Stock } \\\hline 7 . & \text { Office Supplies } & 14 . & \text { Dividends }\\\hline \end{array}

 David Roberts is a real estate appraiser.Shown below are (a)several accounts in his ledger with each account preceded by an identification number and (b)several transactions completed by Roberts.Indicate the accounts debited and credited when recording each transaction by placing the proper account identification numbers to the right of each transaction.     \begin{array}{l|l|l|l} \hline \text { 1. } & \text { Accounts Payable } & 8 . & \text { Office Supplies Expense } \\ \hline 2 . & \text { Accounts Receivable } & 9 . & \text { Prepaid Insurance } \\ \hline 3 . & \text { Appraisal Fees Earned } & 10 . & \text { Salaries Expense } \\ \hline 4 . & \text { Cash } & 11 . & \text { Telephone Expense } \\ \hline 5 . & \text { Insurance Expense } & 12 . & \text { Unearned Appraisal Fees } \\ \hline 6 . & \text { Office Equipment } & 13 . & \text { Common Stock } \\ \hline 7 . & \text { Office Supplies } & 14 . & \text { Dividends }\\ \hline  \end{array}

Correct Answer:

verifed

Verified

None...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents