Sep
Video Arcade Rentals
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Need help with accounting homework?
I set up accounts – T for a video arcade following account is concerned. : Cash, accounts Rec, building equipment and materials. Construction, drinking, bank loans capital owners. Drawings owner sales of video gaming machine revenue. Salary expenses advertising costs. Utilities expenses Other expenses telephone charges. Cost spacecraft is in the question of whether to add the following account T: $ 5,000 cash money renting videos. I know that the 5000 net cash account. However, the accounting related? Only my account that is associated with video sales video that does not seem to be what The Company will pay the real question. I hope so unspecific in the book are people out there somewhere for my mill. . Oops I mean I know it related to credit cash Account
The best way to solve your homework is to use the same strategies you should use to test several . Eliminate the option that you Knowledge that can not be used. . In this case, you know that Cash will be credited into the account the rules are broken. . When you rent, not buy and you'll know. You can remove accountants. This rules out accounts Rec, buildings, vehicles, equipment and tools. . Certainly does not drink or not a bank. Loan. Owners of capital and Drawings owners affected not only the income end of the period when earnings. (Loss) to announce the government out . Really is so the computer game Income and sales of videos do not use. . You left with the expense account is salary costs. Advertising expenses, expenses. Utilities, other charges phone charges. And vehicle costs. I'll leave it up to you to figure out the cost of clearing accounts, you should. . Hope this helps Jerry – the – the bookkeeper.
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