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Bookkeeping 9

Total questions: 10

Worksheet time: 2mins

Name
Class
Date
1.

Paid the utilities for the month of May.

Value Received: Utilities Expense

Value Parted: ?

a)

Accounts Payable

b)

Cash

c)

Notes Payable

d)

Accounts Receivable

2.

Rendered repair services to a customer who paid cash.

Value Received: Cash

Value Parted: ?

a)

Accounts Receivable

b)

Accounts Payable

c)

Service Income

d)

Owner's Capital

3.

Rendered repair services to a customer who billed the said transaction.

Value Received: ?

Value Parted: Service Income

a)

Accounts Receivable

b)

Accounts Payable

c)

Cash

d)

Owner's Capital

4.

Bought new office equipment on account from Ace Hardware.

Value Received: Office Equipment

Value Parted: ?

a)

Accounts Receivable

b)

Accounts Payable

c)

Cash

d)

Owner's Capital

5.

Collected cash from the billed customer.

Value Received: Cash

Value Parted: ?

a)

Accounts Receivable

b)

Accounts Payable

c)

Service Income

d)

Owner's Capital

6.

Paid an amount to Ace Hardware’s account.

Value Received: ?

Value Parted: Cash

a)

Accounts Payable

b)

Office Equipment

c)

Notes Payable

d)

Accounts Receivable

7.

Paid rent of business in advance

Value Received: ?

Value Parted: Cash

a)

Rent Expense

b)

Prepaid Rent

c)

Rent Payable

d)

Accumulated Depreciation, Rent Expense

8.

Building sold on credit through a promissory note.

Value Received: ?

Value Parted: Building

a)

Notes Payable

b)

Notes Receivable

c)

Accounts Receivable

d)

Accounts Payable

9.

Ms. Dory invested money to start her business.

Value Received: Cash

Value Parted: ?

a)

Dory, Payable

b)

Dory, Drawing

c)

Dory, Capital

d)

Dory, Receivable

10.

Ms. Sally withdrew cash for her daily personal expenses.

Value Received: ?

Value Parted: Cash

a)

Sally, Payable

b)

Sally, Drawing

c)

Sally, Capital

d)

Sally, Receivable