Transaction - Ofiice supplies(assets) Credit 700...

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Transaction:external Pay ment of wages and salaries to emplyees credit cash xxxamount Debit wages expense xxxamount Company receive a cash who brought on credit debit cash xxxamont(ingcreasing aseets) Credit account receivable xxxamount Transanction: internal Use of supplies Office supplies expense debit 700
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Unformatted text preview: Ofiice supplies(assets) Credit 700 Deprecaition Car at $20000 and 5 years useful life every year decrease by $5000 Decrease in value of car at the end of the period Debit deprecation expense 2000 Credit inventory 2000 Accumulated depreciation to mearsure the increasing revenue generated...
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