Slide6 - Ledger Accounts The T-accounts for the first three...

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Unformatted text preview: Ledger Accounts - The T-accounts for the first three Biwheels Company transactions are as follows Assets = Liabilities + Stockholders,’ Equity r—A——\ __,.v“-‘___ Cash Note Payable Increases Decreases Decreases Increases (1 ) 400,000 (3) 150,000 (2) 100,000 (2) 100,000 Merchandise Inventory Paid—in Capital Increases Decreases Decreases Increases (3) 150,000 (1} 400,000...
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