In the pane to the left is the first of 10 accounts
that you will be given. After you select "debit" or
"credit," your results will be shown in this pane.
After getting your results scroll down the left
pane for the next account.
--- Cash Right---
RIGHT! It should be a DEBIT because the 'Cash' account is an Asset. |
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--- Cash Wrong---
WRONG, it should be a DEBIT because the 'Cash' account is an Asset. |
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--- Accounts Payable Right---
RIGHT! It should be a CREDIT because the 'Accounts Payable' account is a Liability. |
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--- Accounts Payable Wrong---
WRONG, it should be a CREDIT because the 'Accounts Payable' account is a Liability. |
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--- Owner's Equity Right---
RIGHT! It should be a CREDIT because the 'Owner's Equity' account is Capital. |
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--- Owner's Equity Wrong---
WRONG, it should be a CREDIT because the 'Owner's Equity' account is Capital. |
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--- Fares Earned Right---
RIGHT It should be a CREDIT because the 'Fares Earned' account is a Revenue. |
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--- Fares Earned Wrong---
WRONG, it should be a CREDIT because the 'Fares Earned' account is a Revenue. |
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--- Rent Expense Right---
RIGHT! It should be a DEBIT because the 'Rent Expense' account is an Expense. |
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--- Rent Expense Wrong---
WRONG, it should be a DEBIT because the 'Rent Expense' account is an Expense. |
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--- Accounts Receivable Right---
RIGHT! It should be a DEBIT because the 'Accounts Receivable' account is an Asset. |
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--- Accounts Receivable Wrong---
WRONG, it should be a DEBIT because the 'Accounts Receivable' account is an Asset. |
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--- Wages Payable Right---
RIGHT! It should be a CREDIT because the 'Wages Payable' account is a Liability. |
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--- Wages Payable Wrong---
WRONG, it should be a CREDIT because the 'Wages Payable' account is a Liability. |
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--- Salaries Expense Right---
RIGHT! It should be a DEBIT because the 'Salaries Expense' account is an Expense. |
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--- Salaries Expense Wrong ---
WRONG, it should be a DEBIT because the 'Salaries Expense' account is an Expense. |
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--- Prepaid Rent Right ---
RIGHT! It should be a DEBIT because the 'Prepaid Rent' account is an Asset. |
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--- Prepaid Rent Wrong ---
WRONG, it should be a DEBIT because the 'Prepaid Rent' account is an Asset. |
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--- Equipment Right ---
RIGHT! It should be a DEBIT because the 'Equipment' account is an Asset. |
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--- Equipment Wrong ---
WRONG, it should be a DEBIT because the 'Equipment' account is an Asset. |
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