152 | Basic Financial Accounting and Reporting 2021 Edition by Prof. WIN Ballada
NAME: SCORE:
SECTION: PROFESSOR:
Problem #1
Debits and Credits
The following accounts are used by Godofredo Cadelina Maintenance Services:
Cash
‘Accounts Receivable
Supplies
Prepaid Insurance
Equipment
Notes Payable
Accounts Payable
Cadelina, Capital
Cadelina, Withdrawals
Service Revenues
Rent Expense
12. Repairs Expense
BS eenaunewnp
Cadelina Maintenance Services completed the following transactions:
Debit Credit
Paid for supplies purchased on account last month,
Billed customers for services performed.
Paid the current month's rent.
Purchased supplies on credit.
Received cash from customers for services performed.
Acquired equipment on account.
Received a bill for repairs.
Returned part of the equipment purchased in (f) for
credit.
ived cash from customers previously billed.
Fe -eange
Re
j. Paid the bill received in (g).
k. Booked .an appointment for services.
I.
m.
Paid for repairs with cash.
Made cash withdrawals.
VL 11
Required:
Analyze each transaction and show the accounts affected by entering the corresponding
numbers in the appropriate debit or credit column. Indicate né entry, if appropriate.