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Complete the Following Entries by Using a "Debit" or "Credit \quad

Question 52

Essay

Complete the following entries by using a "debit" or "credit."
a) Received payment from a customer. Cash would have a: \quad ________

b) Owner makes an investment of equipment. Capital would have a:________

c) Paid rent in advance. Prepaid Rent would have a: ________

d) Billed a customer for services rendered. Revenue would have a: ________

e) Paid an advertising bill received last month. Cash would have a: ________

f) Owner withdrew cash. Withdrawals would have a: ________

Correct Answer:

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a)Debit
b)Credit
c...

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