bellringer - 10.31.09

9. A sale on account will cause a ____________ to the ____________ account and a _____________ to the _____________ account.

10. A purchase of supplies will cause a credit to the Accounts Payable account which is the ____________ _________________ of this account. Supplies will then have a ________________.

bellringer - 10.28.09

7. List at least four accounts that have a normal balance of a debit.



8.  A credit to Accounts Receivable would automatically cause a ______________ to the _____________ account.

bellringer - 10.26.09

5. A t account is divided into three major sections: the top line is used to write the ____________, the left side which is known as the ____________, and the right side which is known as the ____________.


6. Assets always have a normal balance as a _______________, while Liabilities always have a normal balance as a ______________.

bellringer - 10.22.09

3. What does the accounting term normal balance indicate?

4. Why are Owner's Equity t accounts somewhat abnormal?

bellringer - 10.20.09

1 What is a T-account, and how is it used?

2 Could you create several T-accounts on the computer? How would you do this?

bellringer - 10.6.09

39 Define the following words: cell, sail, sale, and sell. 

40 Which of the words listed above is synanomous to revenue?

BELLRINGERS ARE DUE TUESDAY! I'LL CALL YOU UP TO CHECK THEM IN CLASS!