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185) Review the transactions below and identify with an "X" those that would be posted as a credit in the ledger (The first one has been done for you): __X_ 1. Salary Payable was increased. ____ 2. Cash was decreased ____ 3. Equipment was increased ____ 4. Owner, Capital was increased ____ 5. Salaries Expense was increased ____ 6. Accounts Receivable was decreased ____ 7. Unearned Revenue was increased ____ 8. Owner, Withdrawals was increased ____ 9. Supplies was increased ____ 10. Building was increased ____ 11. Utilities Expense was increased ____ 12. Service Revenue was increased Answer: __X_ 1. Salary Payable was increased. __X_ 2. Cash was decreased _____ 3. Equipment was increased __X_ 4. Owner, Capital was increased _____ 5. Salaries Expense was increased __X_ 6. Accounts Receivable was decreased __X_ 7. Unearned Revenue was increased _____ 8. Owner, Withdrawals was increased _____ 9. Supplies was increased _____ 10. Building was increased _____ 11. Utilities Expense was increased __X_ 12. Service Revenue was increased Difficulty: 2 Medium Topic: Journalizing and Posting Transactions Learning Objective: 02-P1 Record transactions in a journal and post entries to a ledger. Bloom's: Understand AACSB/Accessibility: Communication / Keyboard Navigation AICPA: BB Industry; FN Decision Making

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Test Bank for Fundamental Accounting Principles 24th Edition Wild  

Fundamental Accounting Principles 24th Edition Wild Test Bank 2019 (9781259916960) (1259916960). Instant test bank download. Download from h...

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