Question

– Which accounts should be credited or debited using journal entries?

401 Custom Fence and Gate Sales711 Interest Earned713 Dividends Earned721 Gain on Sale of Assets731 Gain on Short-Term Investments 741 Miscellaneous Revenue

OPERATING EXPENSES601 Office Salaries and Wages Expense602 Office Supplies Expense603 Truck Operating Expense604 Advertising Expense607 Credit Card Expense611 Depreciation Expense, Office Equipment 615 Depreciation Expense, Trucks621 Rent Expense – General622 Insurance Expense – General623 Bad Debt Expense624 Property Tax Expense – General625 Utilities Expense – General626 Telephone Expense – General627 Bank Service Charges628 License Expense629 Professional Services Expense631 Miscellaneous Expense

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