need help with two accounting questions
I've been at this for over 6 hours. Someone please help ><
whats the question?
This is one of them. After you made the adjusting entry, what is the balance of the Supplies account? A. $542.92 debit balance C. $342.92 credit balance B. $342.92 debit balance D. $200 credit balance
This is the other.. . What is the balance of the Prepaid Insurance account after you made the adjusting entry? A. $600 debit balance C. $400 credit balance B. $600 credit balance D. $400 debit balance
@dan815
Where is the table?
There's several of them
well you are only showing me answer choices without the question here
how can I help?
I don't want you to so much give me the answer or anything. Just point me in the right direction. Do you have any websites?
debit means you have that money creit means you owe that money
like a debit card and credit card
Credit balance is what you pay at the end of the month Debit is money you already own and you withdraw from that account and pay your expense.
Okay I believe I have the answer. Thank you
ok, you're welcome
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