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[DOC File]CHAPTER 9—VALUING ACCOUNTS RECEIVABLE AND …
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b. Debit Cash; credit Accounts Payable. c. Debit Cash; credit Capital Stock. d. Debit Accounts Receivable; credit Accounts Payable . 7. Bob and Ray organized BR, Incorporated, a corporation for which they are the only stockholders. At the end of the first year of operations, they elect to withdraw dividends in the amount of $2,000 each.
cash credit or debit balance

[DOC File]Accounting 115
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Amena Company Trial Balance May 31, 2008 Debit Credit Cash $ 9,340 Accounts receivable 1,000 Office supplies 475 Office equipment 6,235 Accounts payable $ 0 Common Stock 13,325 Dividends 800 Fees earned 5,300 Rent expense 775 _____ Totals $18,625 $18,625 Exercise 2-8 (20 minutes) Transactions that created revenues: ...
equity account debit or credit

Is cash debit or credit? | WIKIACCOUNTING
Debit/Credit Rule Which account is debited? Accounts Payable. Which account is credited? Cash. T-Accounts. Cash Accounts Payable + - 900 - 900 + TRANSACTION #10: FastForward pays CalTech Supply $900 cash as partial payment for its earlier $7,100 purchase of supplies (Transaction #4), leaving $6,200 unpaid. ANALYSIS Identify 1. Cash; Accounts ...
investment account debit or credit

[DOC File]SUMMARY OF ACCOUNTING BASICS
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General Journal Page 1 Date Account Title P.R. Debit Credit 20-- Mon. Day Cash ($1,000-$30) 970 Service Charge Expense (3% x $1,000) 30 Sales 1,000 (To record VISA credit card sales) Sales using American Express cards are reported as credit sales, not cash sales.
cash debit or credit increase

[DOC File]CHAPTER 2: ACCOUNTING FOR TRANSACTIONS
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Cash Current asset Debit Balance sheet ... Revenue Accounts Debit. for. increases Credit. for. decreases Debit. for. decreases Credit. for. increases Normal Balance. 4. To Analyze a Transaction: 1. Determine whether an asset, a liability, owner’s . equality, revenue, or expense account is affected by .
asset account debit or credit

[DOC File]$5,000 was borrowed from a bank
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Account Debit Credit Cash $1,130 Accounts receivable 500 Advertising supplies 75 Baking supplies 1,350 Prepaid insurance 1,200 Baking equipment 1,200 Accumulated depreciation—baking equipment $ 20 Website 600 Accounts payable 0 Interest payable 5 Unearned revenue 700 Note payable 2,000 Common stock 800 Dividends 500 Teaching revenue 3,950 ...
debit cash account means

Cash accounts debit or credit