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Q: Question 2 Nick Waege started his own consulting firm, Waegelein Consulting, on June 1, 2010. The trial balance at June 30 is as follows. WAEGELEIN CONSULTING Trial Balance June 30, 2010 Debit Credit
Cash $6,850 Accounts Receivable 7,000 Prepaid Insurance 2,640 Supplies 2,000 Office Equipment 15,000 Accounts Payable $4,540 Unearned Service Revenue 5,200 Common Stock 21,750 Service Revenue 8,000 Salaries Expense 4,000 Rent Expense 2,000 $39,490 $39,490 Other data: ...
A: In general, a debit card will take things straight out of a bank account. However, a credit card is money lent to you by the credit card company, and they will charge an interest if it is not paid back in time.
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Asked 2/20/2013 5:30:38 PM
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