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8 Cards in this Set
- Front
- Back
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How would you post Brought Supplies on Account.as an investment to the Journal
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Debit - Cash
Credit - Capital |
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How would you post Received Cash from the owner as an investment to the Journal
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Debit - Supplies
Credit - Accounts Payable |
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How would you post Paid Cash for Rent to the Journal
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Debit - Rent Expense
Credit - Cash |
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How would you post Sold Services on account to the Journal
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Debit - Accounts Receivable
Credit - Sales |
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How would you post Paid Cash to the owner for personal use to the Journal
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Debit - Drawing
Credit - Cash |
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How would you post Received cash for sales as to the Journal
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Debit - Cash
Credit - Sales |
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How would you post Paid Cash for supplies to the Journal
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Debit - Supplies
Credit - Cash |
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How would you post Paid Cash for insurance to the Journal
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Debit - Prepaid Insurance
Credit - Cash |
