WORKSHEETa - Assets Debit Plus Credit Minus Debit Plus Credit Minus Debit Plus Credit Minus Debit Plus = Credit Minus Debit Minus Liabilities

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Assets = Liabilities + Equity Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Plus Minus Plus Minus Plus Minus Plus Minus Minus Plus Minus Plus Minus Plus Minus Plus Plus Minus + - + - + - + - - + - + - + - + + - Cash Accounts Receivable Supplies Prepaid Insurance Accounts Payable Note Payable Revenue Capital, Peterson Expense - - - - - - - - - - - - - - - - - - - - - Debit Credit Debit Credit Debit Credit Debit Credit - - Plus Minus Plus Minus Plus Minus Minus Plus - + - + - + - - + Truck Building Inventory Bank Loan - - - - - - - - - - - - - - - TOTAL ASSETS - TOTAL LIAB & EQUITY - Transactions Trial Balance 1. Peterson invests 1,000 into company Cash 2. 200 of supplies are bought with cash Accounts Receivable 3. Co. borrows 20,000 from bank. Supplies 4. Co. buys inventory, 3,000. Prepaid Insurance 5. Co. buys truck for 5,000 Truck 6. Co. buys building for 10,000 Building 7. Sale on account for 4,000, inventory cost 1,400 Inventory
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This note was uploaded on 10/22/2010 for the course BUSINESS BAIU09 taught by Professor Mr.ken during the Spring '10 term at American InterContinental University Dunwoody.

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WORKSHEETa - Assets Debit Plus Credit Minus Debit Plus Credit Minus Debit Plus Credit Minus Debit Plus = Credit Minus Debit Minus Liabilities

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