WORKSHEETc - 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 - - - - - - - - - - - - - - - Trial Balance Total Assets - LIAB + Equity - Cash Transactions Accounts Receivable 1. Peterson invests 15,000 into company Supplies 2. 200 of supplies are bought on account Prepaid Insurance 3. Co. borrows 10,000, using Notes Payable. Truck 4. Co. buys inventory, 3,000, on account Building 5. Co. buys truck for 5,000 Inventory 6. Co. buys building for 10,000 Accounts Payable 7. Sale made for 4,000, on account, inventory used, 1500
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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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WORKSHEETc - Assets Debit Plus Credit Minus Debit Plus...

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