Accounting Chapter 3.1 Worksheet 4

Front

Which account is used for recording cash received from the owner as an investment?

Back

Cash

Front

What is the transaction code for paying cash for supplies on March 3?

Back

C201

Front

On March 7, how much cash was paid on account to Supply Mania?

Back

$7,000

Front

What is the transaction code for paying cash for supplies on March 8?

Back

C204

Front

On March 9, what was the amount for supplies bought on account from Supply Mania?

Back

$600

Front

What is the transaction code for paying cash on account to Supply Mania on March 10?

Back

C205

Front

Which account is used for recording prepaid insurance?

Back

Prepaid Insurance

Front

Which account is used for recording sales?

Back

Sales

Front

On March 5, how much was spent on supplies bought on account from Supply Mania?

Back

$5,500

Front

What is the transaction code for the first cash received from the owner?

Back

R1