Saved Exam #1 Ch 1-3 6 Identify whether a debit or credit results in the indicated change for each of the following accounts. 2 Debit a. To increase Furniture b. To decrease Equipment c. To increase Supplies Expense d. To increase Haircutting Revenue Credit 8 01:08.03 Debit e. To decrease Taxes Payable f. To decrease Office Equipment g. To increase Interest Payable h. To decrease Store Equipment Credit i. To increase Common Stock Credit j. To increase Trucks

16   The Accounts Payable account:   Multiple Choice   has a normal credit balance.   is increased by a debit.   is an asset.   is increased when a company receives cash from customers.

WalCo TarMart CostGet Beginning Accounts Receivable $ 1,745 5,816 559 Required: 1. Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet. 2. Which company appears most efficient in collecting cash from sales? Required 1 Required 2 WalCo TarMart CostGet Complete this question by entering your answers in the tabs below. WalCo TarMart Ending Accounts Receivable $ 2,692 6,344 - 595 Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet. Note: Rounded to one decimal place. Enter your dollar answers in millions. Net Sales $ 315,427- 60,878 61,963 Choose Numerator Choose Numerator Receivables Turnover Ratio Choose Denominator Average Collection Period Choose Denominator < Prev 8 of 8 = Receivables turnover ratio times times times + = Average collection period Next days days

Answer either debit or credit

answer in text form please (without image), Note: .Every entry should have narration please