Explore BrainMass

Explore BrainMass

    Eleven Accounting Definitions

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    0. Merchandise Inventory?net increase
    1. Retained Earnings?debit for stock dividends distributed
    2. Common Stock?credit for issuance at par for cash
    3. Bonds Payable?debit for redemption of bonds
    4. Office Supplies?net decrease
    5. Accounts Receivable?net decrease
    6. Retained Earnings?debit for net loss
    7. Accounts Payable?net increase
    8. Bonds Payable?credit for issuance for cash
    9. Retained Earnings?debit for cash dividends paid
    10. Equipment?credit for items sold
    11. Accumulated Depreciation?Equipment?debit for fully depreciated items discarded

    © BrainMass Inc. brainmass.com June 3, 2020, 7:56 pm ad1c9bdddf


    Solution Summary

    The solution defines 11 different accounting terms.