Drew Castle is an insurance appraiser. Shown below are (a) several accounts in his ledger with each account preceded by an identification number, and (b) several transactions completed by Castle. Indicate the accounts debited and credited when recording each transaction by placing the proper account identification numbers to the right of each transaction.
1. ^Accou^nts^Payable^8.^Office^Supplies^Expense
2. ^Accounts^Receivable^9.^Prepaid^Insurance
3. ^Appraisal^Fees^Earned^10.^Salaries^Expense
4. ^Cash^11.^Telephone^Expense
5. ^Insurance^Expense^12.^Unearned^Appraisal^Fees
6. ^Office^Equipment^13.^Drew^Castle,^Capital
7. ^Office^Supplies^14.^Drew^Castle,^Withdrawals

$\begin{array}{l|l|l}&\text { Debit } &\text { Credit }\\\hline \text { Example: } & & \\\hline \text { Completed an appraisal for a client who } & 2 & 3 \\\text { promised to pay at a later date. }\\\hline \\\end{array}$

$\begin{array}{l|l|l}\hline \text { A. } &\begin{array}{l}\text { Received cash in advance for appraising a } \\\text { hail damage claim................................... }\end{array} & & \\\hline B . & \text { Purchased office supplies on credit......... } \\\hline \text { C. } & \begin{array}{l}\text { Drew Castle used cash from the business to } \\\text { pay his home telephone bill. There were no } \\\text { business calls on the bill...................... }\end{array} \\\hline & \begin{array}{l}\text { Received the telephone bill of the business } \\\text { and immediately paid it......................... }\end{array} \\\hline\end{array}$
$\begin{array}{r|l|l}\hline \text { E. } & \text { Paid the salary of the office assistant.... } & \\\hline \text { F. } & \text { Paid for the supplies purchased } \\&\text { in transaction B.............................. }\\\hline \text {G. }& \text {Completed an appraisal for a client and }\\\hline& \text {immediately collected cash for the work}\\ \hline&\text { done...}\\\hline\end{array}$

Question

Drew Castle is an insurance appraiser. Shown below are (a) several accounts in his ledger with each account preceded by an identification number, and (b) several transactions completed by Castle. Indicate the accounts debited and credited when recording each transaction by placing the proper account identification numbers to the right of each transaction.
1. ^Accou^nts^Payable^8.^Office^Supplies^Expense
2. ^Accounts^Receivable^9.^Prepaid^Insurance
3. ^Appraisal^Fees^Earned^10.^Salaries^Expense
4. ^Cash^11.^Telephone^Expense
5. ^Insurance^Expense^12.^Unearned^Appraisal^Fees
6. ^Office^Equipment^13.^Drew^Castle,^Capital
7. ^Office^Supplies^14.^Drew^Castle,^Withdrawals

\begin{array}{l|l|l}&\text { Debit } &\text { Credit }\\\hline \text { Example: } & & \\\hline \text { Completed an appraisal for a client who } & 2 & 3 \\\text { promised to pay at a later date. }\\\hline \\\end{array}

\begin{array}{l|l|l}\hline \text { A. } &\begin{array}{l}\text { Received cash in advance for appraising a } \\\text { hail damage claim................................... }\end{array} & & \\\hline B . & \text { Purchased office supplies on credit......... } \\\hline \text { C. } & \begin{array}{l}\text { Drew Castle used cash from the business to } \\\text { pay his home telephone bill. There were no } \\\text { business calls on the bill...................... }\end{array} \\\hline & \begin{array}{l}\text { Received the telephone bill of the business } \\\text { and immediately paid it......................... }\end{array} \\\hline\end{array}

\begin{array}{r|l|l}\hline \text { E. } & \text { Paid the salary of the office assistant.... } & \\\hline \text { F. } & \text { Paid for the supplies purchased } \\&\text { in transaction B.............................. }\\\hline \text {G. }& \text {Completed an appraisal for a client and }\\\hline& \text {immediately collected cash for the work}\\ \hline&\text { done...}\\\hline\end{array}

Quizplus · Accepted Answer

The Answer of Drew Castle is an insurance appraiser. Shown below are (a) several accounts in his ledger with each account preceded by an identification number, and (b) several transactions completed by Castle. Indicate the accounts debited and credited when recording each transaction by placing the proper account identification numbers to the right of each transaction. 1. ^Accou^nts^Payable^8.^Office^Supplies^Expense 2. ^Accounts^Receivable^9.^Prepaid^Insurance 3. ^Appraisal^Fees^Earned^10.^Salaries^Expense 4. ^Cash^11.^Telephone^Expense 5. ^Insurance^Expense^12.^Unearned^Appraisal^Fees 6. ^Office^Equipment^13.^Drew^Castle,^Capital 7. ^Office^Supplies^14.^Drew^Castle,^Withdrawals $\begin{array}{l|l|l} &\text { Debit } &\text { Credit }\ \hline \text { Example: } & & \ \hline \text { Completed an appraisal for a client who } & 2 & 3 \ \text { promised to pay at a later date. }\ \hline \\end{array}$ $\begin{array}{l|l|l} \hline \text { A. } &\begin{array}{l} \text { Received cash in advance for appraising a } \ \text { hail damage claim................................... } \end{array} & & \ \hline B . & \text { Purchased office supplies on credit......... } \ \hline \text { C. } & \begin{array}{l} \text { Drew Castle used cash from the business to } \ \text { pay his home telephone bill. There were no } \ \text { business calls on the bill...................... } \end{array} \ \hline & \begin{array}{l} \text { Received the telephone bill of the business } \ \text { and immediately paid it......................... } \end{array} \ \hline \end{array}$ $\begin{array}{r|l|l} \hline \text { E. } & \text { Paid the salary of the office assistant.... } & \ \hline \text { F. } & \text { Paid for the supplies purchased } \ &\text { in transaction B.............................. }\ \hline \text {G. }& \text {Completed an appraisal for a client and }\ \hline& \text {immediately collected cash for the work}\ \hline&\text { done...}\ \hline \end{array}$

Drew Castle Is an Insurance Appraiser