RECEIVED CASH ON ACCOUNT FROM SMITH FARMS

cash supplies accounts receivable is classified as

accounts payable, owings, loans, accruals is classified as

advertising, repairs, utilities is classified as

mortgage, creditors or AP is classified as

what is the name of the account that summarizes OE owners equity

what is the name of the account that summarize revenue

what is the name of the account that summarize money owner receives for Personal Use

what is the account that is credited when you bought supplies on account

when you Buy or Bought on account this is related to

sales or sold service on account is related to

sold services on account which account to you debit

if cash supplies prepaid insurance are asset what balance do they carry

loans mortgages AP are liabilities what balance do these carry

what balance does owners equity OE carry

advertising repairs telephone electricity are all expenses these carry

revenue or sales carries what balance because this is the only one that increase OE

Drawings reduces OE and because of this drawings carries what balance?

Every time you make cash sale or sale on account what account do you credit

Every time you pay cash what account is credited

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