BE2-1 For each of the following accounts, indicate the effects of (a) a debit and (b) acredit on the accounts and (c) the normal balance of the account.1. Accounts Payable.2. Advertising Expense.3. Service Revenue.4. Accounts Receivable.5. Share Capital–Ordinary.6. Dividends. BE2-5 J.A. Motzek SA has the following transactions during August of the current year.Indicate (a) the effect on the accounting equation and (b) the debit-credit analysis illus-trated on pages 65–70.Aug. 1 Opens an office as a financial advisor, investing R$5,000 in cash in exchangefor ordinary shares.4 Pays insurance in advance for 6 months, R$1,800 cash.16 Receives R$1,100 from clients for services performed.27 Pays secretary R$1,000 salary.BE2-6 Using the data in BE2-5, journalize the transactions. (You may omit explanations.)

In this question has covered the Concept Of Normal balances of accounts .

BE2-1 For each of the following accounts, indicate the effects of (a) a debit and (b) a credit on the accounts and (c) the normal balance of the account. 1. Accounts Payable. 2. Advertising Expense. 3. Service Revenue. 4. Accounts Receivable. 5. Share Capital-Ordinary. 6. Dividends.

BE2-1 For each of the following accounts, indicate the effects of (a) a debit and (b) a credit on the accounts and (c) the normal balance of the account. 1. Accounts Payable. 2. Advertising Expense. 3. Service Revenue. 4. Accounts Receivable. 5. Share Capital-Ordinary. 6. Dividends.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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