Record of TransactionsWrite Accounting Equation (in changes)Convert to Journal EntriesDebit: Expenses, Inc in Assets, Dec in Liabiliti∆Assets = ∆Liabilities + ∆Share Capital + Revenues - Expenses - DistributionCredit: Revenues, Inc in Liabilities & Capital,S.N.∆ASSETS∆LIABILITIES & OWNERS’ EQUITYS.N.DEBIT1165,000165,0001165,0002(2,700)(2,700)22,70035,00033,60035,00043,00043,000(14,400)420,00015,000420,000(5,000)4a(15,000)(15,000)4a15,0005100,000100,0005100,0005a(100,000)(100,000)5a100,00066,70066,700(6,700)71,00071,000(1,000)8(500)(500)850096,00096,000(6,000)1018,75018,7501018,7501193,80096,0001193,8002,2002,20012(62,000)(62,000)1262,00013(1,170)(1,170)131,17014(100)(100)1410015(18,021)(18,021)1518,02116(2,900)162,9002,90017(3,000)(3,000)173,000∆Assets = ∆Liabilities + ∆Owners' EquityCashShare CapitalCashCashRetained Earnings (Legal fees)Legal FeesBuilding and RenovationsMortgage PayableBuilding and RenovationsLandLandCashBuilding and RenovationsAccounts PayableBuilding and RenovationsCashCashAccounts PayableAccounts PayableRental Tape InventoryAccounts PayableRental Tape InventoryCashAccounts PayableAccounts PayableEquipmentEquipmentCashSoftwareSoftwareCashCashRetained Earnings (Office supplies)Office suppliesPrepaid AdvertisingPrepaid AdvertisingCashRental Tape InventoryAccounts PayableRental Tape InventoryCashRetained Earnings (Sales revenues)CashAccounts ReceivableAccounts ReceivableCashRetained Earnings (Sal & wages)Salaries & WagesAccumulated DepreciationRetained Earnings (Depreciation)DepreciationSoftwareRetained Earnings (Sware amortn)Software AmortisationRental Tape InventoryRetained Earnings (Tape amortn)Tape AmortisationRetained Earnings (Interest)Interest
