Reinforcement Activity 1 Part A P 153 Answer Key Full [upd] Official
: For some editions (like the August 2018 version), the general journal totals balance at $42,675.00 Key General Ledger Balances : $13,683.00 Petty Cash Prepaid Insurance : $1,200.00 Capital (Jasmine Quinn or Brian Dawson)
Based on analyzing thousands of student attempts, here are the top three errors that the reveals: reinforcement activity 1 part a p 153 answer key full
: Paying rent ($1,800.00) involves a debit to Rent Expense and a credit to Cash. 2. Post to the General Ledger : For some editions (like the August 2018
Remember that when the owner takes cash for personal use, you debit [Owner Name], Drawing and credit Cash . 2. General Ledger Posting you debit [Owner Name]
, specifically focusing on journalizing and posting transactions for a service business. Cengage Instructor Center Core Learning Objectives