Recitation _ 2 - Debits and Credits(Left side(Right side...

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Land Equipment Buildings Cash Notes Receivabl e Supplies Prepaid Accounts Accounts Receivable Asset Accounts Asset Accounts
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Accrued Liabilities Unearned Revenue Notes Payable Accounts Payable Liability Accounts Liability Accounts
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Equity Accounts Revenues Common Stock Dividends Expenses Equity Accounts Retained Earnings
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A T-account represents a ledger account and is a tool used to understand the effects of one or more transactions.
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Unformatted text preview: Debits and Credits (Left side) (Right side) Debit Credit T- Account Liabilities Equity Assets = + Double-Entry Accounting Debit Credit Debit Credit Debit Credit ASSETS +-LIABILITIES- + EQUITIES- + Revenues Expenses Common Stock Dividends _ + _ Debit Credit Stock- + Debit Credit Dividends +-Debit Credit Expenses +-Debit Credit Revenues- + Double-Entry Accounting Equity...
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