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1.
2.
3.
4.
5.
6.
Accounts Payable
Advertising Expense
Service Revenue
Accounts Receivable
Owners Capital
Owners Drawings
(a)
Debit
Effect
Decrease
Increase
Decrease
Increase
Decrease
Increase
(b)
Credit
Effect
Increase
Decrease
Increase
Decrease
Increase
Decrease
(c)
Normal
Balance
Credit
Debit
Credit
Debit
Credit
Debit
June 1
2
3
12
Account Debited
Cash
Equipment
Rent Expense
Accounts Receivable
Account Credited
Owners Capital
Accounts Payable
Cash
Service Revenue
Cash......................................................................
Owners Capital ............................................
5,000
Equipment ............................................................
Accounts Payable ........................................
2,100
800
Accounts Receivable...........................................
Service Revenue ..........................................
300
5,000
2,100
800
300
2.
3.
(b)
Debit-Credit Analysis
16
27
Cash ......................................................................
Owners Capital ............................................
8,000
1,800
Cash ......................................................................
Service Revenue ...........................................
3,400
1,000
8,000
1,800
3,400
1,000
5/5
Accounts Receivable
4,100 5/12
Service Revenue
5/5
4,100
5/15
3,000
Ending Bal. 7,100
2,400
Explanation
Ref.
J1
J1
Debit
2,400
3,000
Credit
Balance
2,400
5,400
Ref.
J1
J1
Debit
4,100
Service Revenue
Date
Explanation
May 5
15
Ref.
J1
J1
Debit
Credit
2,400
Balance
4,100
1,700
Credit
4,100
3,000
Balance
4,100
7,100
$ 5,800
3,000
17,000
$ 9,000
15,000
1,200
10,000
6,000
1,000
$34,000
$34,000
$10,800
3,500
$ 3,000
2,200
9,000
4,500
25,600
18,600
2,400
$39,800
$39,800