Conway Copy Shop is owned and operated by Gerald Conway. The shop's accounts are presented below. Review the transactions presented and determine the appropriate debits and credits to the affected accounts.

Cash
Accounts Receivable
Office Supplies
Prepaid Rent
Copier Equipment
Accounts Payable
G. Conway, Capital
G. Conway, Drawing
Fees Income
Rent Expense
Utilities Expense
Salaries Expense

-Paid $6,000 in cash for the next six months' rent

Question

Conway Copy Shop is owned and operated by Gerald Conway. The shop's accounts are presented below. Review the transactions presented and determine the appropriate debits and credits to the affected accounts.

Cash
Accounts  Receivable
 Office Supplies
 Prepaid Rent
Copier Equipment 
Accounts Payable
G. Conway, Capital
G. Conway, Drawing 
Fees Income
Rent Expense 
Utilities Expense 
Salaries Expense

-Paid $6,000 in cash for the next six months' rent

Quizplus · Accepted Answer

The Answer of Conway Copy Shop is owned and operated by Gerald Conway. The shop's accounts are presented below. Review the transactions presented and determine the appropriate debits and credits to the affected accounts.

Cash
Accounts  Receivable
 Office Supplies
 Prepaid Rent
Copier Equipment 
Accounts Payable
G. Conway, Capital
G. Conway, Drawing 
Fees Income
Rent Expense 
Utilities Expense 
Salaries Expense

-Paid $6,000 in cash for the next six months' rent

Conway Copy Shop Is Owned and Operated by Gerald Conway