Q • Question 1 0.375 out of 0.375 points Assume that the chart of accounts for Doe Co. includes the following accounts: Cash, Accounts Receivable, Equipment, Accounts Payable, John Doe, Capital, John Doe, Drawing, Fees Earned, Salary Expenses, and Utilities Expense. On Feb. 1, the company received cash $50,000 from John Doe as additional investment in the business. Using the chart of accounts above, indicate the account that should be recorded in the Description column of the Journal item (1) as the debit account for the $50,000 amount. DATE DESCRIPTION P.REF. DEBIT CREDIT Feb. 1 (1) $50,000 (2) $50,000 • Question 2 0.375 out of 0.375 points Assume that the chart of accounts for Doe Co. includes the following accounts: Cash, Accounts Receivable, Equipment, Accounts Payable, John Doe, Capital, John Doe, Drawing, Fees Earned, Salary Expenses, and Utilities Expense. On Feb. 1, the company received cash $50,000 from John Doe as additional investment in the business. Using the chart of accounts above, indicate the account that should be recorded in the Description column of the Journal item (2) as the credit account for the $50,000 amount. DATE DESCRIPTION P.REF. DEBIT CREDIT Feb. 1 (1) $50,000 (2) $50,000 • Question 3 0.375 out of 0.375 points Assume that the chart of accounts for Roth Co. includes the following accounts: Cash, Accounts Receivable, Equipment, Accounts Payable, Sam Roth, Capital, Sam Roth, Drawing, Fees Earned, Salary Expenses, and Utilities Expense. On July 1, the company paid creditors on account $9,000. Using the chart of accounts above, indicate the account that should be recorded in the Description column of the Journal item (1) as the debit account for the $9,000 amount. DATE DESCRIPTION P.REF. DEBIT CREDIT July 1 (1) $9,000 (2) $9,000 • Question 4 0.375 out of 0.375 points Assume that the chart of accounts for Roth Co. includes the following accounts: Cash, Accounts Receivable, Equipment, Accounts Payable, Sam Roth, Capital, Sam Roth, Drawing, Fees Earned, Salary Expenses, and Utilities Expense. On July 1, the company paid creditors on account $9,000. Using the chart of accounts above, indicate the account that should be recorded in the Description column of the Journal item (2) as the credit account for the $9,000 amount. DATE DESCRIPTION P.REF. DEBIT CREDIT July 1 (1) $9,000 (2) $9,000 • Question 5 0.375 out of 0.375 points Assume that the chart of accounts for Roth Co. includes the following accounts: Cash, Accounts Receivable, Equipment, Accounts Payable, Sam Roth, Capital, Sam Roth, Drawing, Fees Earned, Salary Expenses, and Utilities Expense. On July 5, the company received cash for job completed $10,000. Using the chart of accounts above, indicate the account that should be recorded in the Description column of the Journal item (1) as the debit account for the $10,000 amount. DATE DESCRIPTION P.REF. DEBIT CREDIT July 5 (1) $10,000 (2) $10,000 • Question 5 0.375 out of 0.375 points Assume that the chart of accounts for Roth Co. includes the following accounts: Cash, Accounts Receivable, Equipment, Accounts Payable, Sam Roth, Capital, Sam Roth, Drawing, Fees Earned, Salary Expenses, and Utilities Expense. On July 5, the company received cash for job completed $10,000. Using the chart of accounts above, indicate the account that should be recorded in the Description column of the Journal item (1) as the debit account for the $10,000 amount. DATE DESCRIPTION P.REF. DEBIT CREDIT July 5 (1) $10,000 (2) $10,000

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