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Mathematics 21 Online
OpenStudy (anonymous):

need help with two accounting questions

OpenStudy (anonymous):

I've been at this for over 6 hours. Someone please help ><

OpenStudy (dan815):

whats the question?

OpenStudy (anonymous):

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

OpenStudy (anonymous):

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

OpenStudy (anonymous):

@dan815

OpenStudy (dan815):

Where is the table?

OpenStudy (anonymous):

There's several of them

OpenStudy (dan815):

well you are only showing me answer choices without the question here

OpenStudy (dan815):

how can I help?

OpenStudy (anonymous):

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?

OpenStudy (dan815):

debit means you have that money creit means you owe that money

OpenStudy (dan815):

like a debit card and credit card

OpenStudy (dan815):

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.

OpenStudy (anonymous):

Okay I believe I have the answer. Thank you

OpenStudy (dan815):

ok, you're welcome

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