Chapter 2 Review - T-Account and Transactions

Place the correct transaction on the debit or credit side.

a

Receive Cash on Account.

Sold Services on Account

Drag two transactions to the correct side of the T-Account.

a

b

Sold Services on Account.

Received Cash on Account.

Bought Supplies on Account.

Paid Cash on Account.

Drag two transactions to the correct side of the T-Account.

a

b

Received Cash on Account from West End. 

Paid Cash on Account.

Sold Services on Account to West End.

Bought Supplies on Account.

Drag the transaction to the correct side of the T-Account.

a

b

Bought Supplies on Account.

Received Cash ......

Sold Services on Account. 

Paid Cash .....

Which two owner's equity accounts increase on the credit side of the T Account?

• Capital

• Drawing

• Expense

• Sales

Which two owner's equity accounts increase on the debit side of its T Account?

• Capital

• Drawing

• Expense

• Sales

Drag the correct account or transaction with the following categories.

Groups:

(a) Increase with a Debit

,

(b) Decrease with a Credit

,

(c) Increase with Credit

,

(d) Decrease with a Debit

• Accounts Payable
• Sales

• Paid Cash

• Received Cash

• Capital

• A.R. - Received Cash on Account.

• Supplies

• Prepaid Insurance

Drag two transactions to correct side of the T-account.

b

c

Received Cash from Sales.

Bought Supplies on Account

Sold Services on Account.

Drag the transaction to the correct T-account.

a

Paid cash for rent expense. 

Paid cash to owner for personal use.

Received cash from owner as investment.