WORKSHEETe - Assets Debit Plus Credit Minus Debit Plus...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Assets = Liabilities + Equity E 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 Peterson Co. Peterson Co. Income Statement Balance Sheet For the _______ Ended 12/31/01 ______________ Transactions Trial Balance Cash 1. Peterson invests 2,000 into company Cash Revenues A/R 2. 300 of supplies are bought with cash A/R Expenses Supplies 3. Co. borrows 15,000 from bank. Supplies Net Income Prepaid Ins. 4. Co. buys inventory on account, 2,500. Prepaid Insurance Truck 5. Co. buys truck for 4,500 Truck Building 6. Co. buys building for 9,000 Building
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

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.

Page1 / 2

WORKSHEETe - Assets Debit Plus Credit Minus Debit Plus...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online