| Questions | This report details what questions students asked the Tutor. | ||
| Tutor: Transaction Analysis Tutor | |||
| Data Collected: All data from 2010-08-01 to 2010-09-24 | |||
| For: Quantum | |||
| Question | Frequency | % of All Questions | |
| Will this transaction cause liabilities or equity to change? | 462 | 13.6% | |
| How will this affect the business' assets? | 406 | 12.0% | |
| What accounts are changed here? | 338 | 10.0% | |
| What clued you in that this event was not a transaction? | 277 | 8.2% | |
| Which financial statements did this transaction affect? | 220 | 6.5% | |
| Is this an operating, investing or financing activity? | 166 | 4.9% | |
| What's the difference between the journal and the ledger? | 159 | 4.7% | |
| Does this transaction affect the income statement? | 139 | 4.1% | |
| Does this transaction affect the statement of retained earnings? | 119 | 3.5% | |
| Does this transaction affect the balance sheet? | 102 | 3.0% | |
| Does this transaction affect the cash flow statement? | 95 | 2.8% | |
| Shouldn't we have used Services Revenue instead of Unearned Revenue? | 93 | 2.7% | |
| What did the business give and receive in this transaction? | 78 | 2.3% | |
| How do I check if this transaction kept the accounting equation in balance? | 74 | 2.2% | |
| How do you determine the balance of a T-account? | 67 | 2.0% | |
| How can I tell if this is actually a business transaction? | 64 | 1.9% | |
| How did you know that Cash was a debit? | 61 | 1.8% | |
| Is Accounts Receivable a cash equivalent? | 54 | 1.6% | |
| How can I tell which side of a T-account is its normal balance side? | 40 | 1.2% | |
| Why is this still called Rewinding Expense if it has just been paid? | 36 | 1.1% | |
| Hold it! If Cash goes up, how can that be a debit? Shouldn't that be a credit? | 34 | 1.0% | |
| Was there really an effect on the accounting equation here if the net change in assets was zero? | 29 | 0.9% | |
| Why do total debits and total credits always have to be equal? | 29 | 0.9% | |
| Are total debits and total credits equal for this transaction? | 25 | 0.7% | |
| Is one of the debits or credits easy to figure out in this transaction? | 24 | 0.7% | |
| What is something important to look for? | 21 | 0.6% | |
| Why is Prepaid Insurance an asset account? | 17 | 0.5% | |
| How did you know that Notes Payable was a credit? | 16 | 0.5% | |
| How did you know that Services Revenue was a credit? | 15 | 0.4% | |
| How did you know that Common Stock was a credit? | 14 | 0.4% | |
| How did you know that Accounts Payable was a debit? | 13 | 0.4% | |
| Isn't Cash always supposed to be written first in the journal entry? | 12 | 0.4% | |
| How did you know that Utilities Expense was a debit? | 10 | 0.3% | |
| Will Wages Expense be a debit or a credit here? | 9 | 0.3% | |
| How do I post to the Cash T-account? | 8 | 0.2% | |
| How did you know that Dividends was a debit? | 8 | 0.2% | |
| How did you know that Unearned Revenue was a credit? | 8 | 0.2% | |
| How did you know that Accounts Receivable was a debit? | 7 | 0.2% | |
| How did you know that Weightlifting Equipment was a debit? | 4 | 0.1% | |
| Will Prepaid Insurance be a debit or a credit here? | 3 | 0.1% | |
| How should you post to the Common Stock T-account? | 2 | 0.1% | |
| How do you post to the Notes Payable T-account? | 2 | 0.1% | |
| How did you know that W. Katze, Capital was a credit? | 2 | 0.1% | |
| How did you know that A. Redondo, Withdrawals was a debit? | 2 | 0.1% | |
| How did you know that Internet Expense was a debit? | 2 | 0.1% | |
| How did you know that P. Monet, Capital was a credit? | 2 | 0.1% | |
| Will Repair Expense be a debit or a credit here? | 2 | 0.1% | |
| How should you post to the Popcorn Popping Equipment T-account? | 1 | 0.0% | |
| How do you post to the T. Sutton, Capital T-account? | 1 | 0.0% | |
| How did you know that Thorn Removal Expense was a debit? | 1 | 0.0% | |
| How did you know that Telephone Expense was a debit? | 1 | 0.0% | |
| How did you know that T. Grey, Withdrawals was a debit? | 1 | 0.0% | |
| How did you know that T. Giovanni, Capital was a credit? | 1 | 0.0% | |
| How did you know that Signage Supplies was a debit? | 1 | 0.0% | |
| How do I post to the Wages Expense T-account? | 1 | 0.0% | |
| How did you know that Popcorn Popping Equipment was a debit? | 1 | 0.0% | |
| How did you know that P. Monet, Withdrawals was a debit? | 1 | 0.0% | |
| Will Notes Receivable be a debit or a credit here? | 1 | 0.0% | |
| How did you know that A. Redondo, Capital was a credit? | 1 | 0.0% | |
| Will Legal Consultation Expense be a debit or a credit in this transaction? | 1 | 0.0% | |
| How did you know that J. Tost, Withdrawals was a debit? | 1 | 0.0% | |
| How did you know that J. Tost, Capital was a credit? | 1 | 0.0% | |
| How did you know that Inventory was a debit? | 1 | 0.0% | |
| Will Equipment be a debit or a credit here? | 1 | 0.0% | |
| How did you know that Decorating Supplies was a debit? | 1 | 0.0% | |
| Will Computer Equipment be a debit or a credit here? | 1 | 0.0% | |
| How did you know that Advertising Expense was a debit? | 1 | 0.0% | |
| How did you know that Building was a debit? | 1 | 0.0% | |
| Total | 3391 | 100.0% | |