WORKSHEETb - Assets Debit Plus Credit Minus Debit Plus...

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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 # - Trial Balance Transactions Cash 1. Peterson invests 2,000 into company Accounts Receivable 2. 250 of supplies are bought with cash Supplies 3. Co. borrows 18,000 from bank. Prepaid Insurance 4. Co. buys inventory, 4,000. Truck 5. Co. buys truck for 5,500 Building 6. Co. buys building for 9,000 Inventory 7. Sale on account for 5,000, inventory cost 1,900 Accounts Payable 8. Expense paid with cash, 600 Note Payable 9. Insurance for next year is bought, 2400 Bank Loan 10. Expired supplies, 110 Revenue 11. Expense on account, 550
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