Drew Castle Is an Insurance Appraiser

Essay

Drew Castle is an insurance appraiser. Shown below are (a)several accounts in his ledger with each account preceded by an identification number, and (b)several transactions completed by Castle. Indicate the accounts debited and credited when recording each transaction by placing the proper account identification numbers to the right of each transaction.
$\begin{array} { l l} \text {1. Accounts Payable }& \text { 8. Office Supplies Expense} \\ \text {2. Accounts Receivable }& \text {9. Prepaid Insurance } \\ \text {3. Appraisal Fees Earned }& \text {10. Salaries Expense } \\ \text {4. Cash }& \text {11. Telephone Expense } \\ \text {5. Insurance Expense }& \text { 12. Unearned Appraisal Fees} \\ \text {6. Office Equipment }& \text { 13. Drew Castle, Capital} \\ \text { 7. Office Supplies}& \text {14. Drew Castle, Withdrawals } \\\end{array}$

$\begin{array} { ll }& \text {Example: } \\& \text {Completed an appraisal tor a client who promised to } \\& \text {pay at a later date. } \\& \text {Received cash in advance for appraising a hail damage } \\ \text { A.}& \text { claim} \\& \text {Purchased office supplies on credit } \\ \text { B.}& \text {Drew Castle used cash from the business to pay his } \\& \text {home telephone bill. There were no business calls on } \\ \text { C.}& \text { the bill.} \\& \text {Received the telephone bill of the business and } \\ \text {D. }& \text {immediately paid it } \\ \text {E. }& \text { Paid the salary of the office assistant.} \\ \text {F. }& \text { Paid for the supplies purchased in transaction} \\&B\\ \text {G. }& \text { Completed an sppraisal for a client and immediately } \\& \text {collected cash for the work done. } \\\end{array}$

$\begin{array}{c|c}\hline \text { Debit } & \text { Credit } \\\hline & \\\hline 2 & 3 \\\hline & \\\hline & \\\hline & \\\hline & \\\hline & \\\hline & \\\hline\end{array}$