Solved

Miley Block Is a Building Consultant

Question 196

Short Answer

Miley Block is a building consultant. Shown below are (a) several accounts in her ledger with each account preceded by an identification number, and (b) several transactions completed by Block. 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 7. Telephone Expense  2.  Accounts Receivable 8. Unearned Revenue  3.  Cash 9. Common Stock  4.  Consulting Fees Earned  10.  Dividends  5.  Office Supplies  11.  Insurance Expense 6. Office Supplies Expense 12. Prepaid Insurance \begin{array}{llll}\text { 1. } & \text { Accounts Payable } & 7 . & \text { Telephone Expense } \\\text { 2. } & \text { Accounts Receivable } & 8 . & \text { Unearned Revenue } \\\text { 3. } & \text { Cash } & 9 . & \text { Common Stock } \\\text { 4. } & \text { Consulting Fees Earned } & \text { 10. } & \text { Dividends } \\\text { 5. } & \text { Office Supplies } & \text { 11. } & \text { Insurance Expense } \\6 . & \text { Office Supplies Expense } & 12 . & \text { Prepaid Insurance }\end{array}

 Miley Block is a building consultant. Shown below are (a) several accounts in her ledger with each account preceded by an identification number, and (b) several transactions completed by Block. 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}{llll} \text { 1. } & \text { Accounts Payable } & 7 . & \text { Telephone Expense } \\ \text { 2. } & \text { Accounts Receivable } & 8 . & \text { Unearned Revenue } \\ \text { 3. } & \text { Cash } & 9 . & \text { Common Stock } \\ \text { 4. } & \text { Consulting Fees Earned } & \text { 10. } & \text { Dividends } \\ \text { 5. } & \text { Office Supplies } & \text { 11. } & \text { Insurance Expense } \\ 6 . & \text { Office Supplies Expense } & 12 . & \text { Prepaid Insurance } \end{array}

Correct Answer:

verifed

Verified

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