Transactions

STUDY
PLAY

Terms in this set (...)

Paid cash for rent
goes in cash balance and capital Both +
Received cash from owner as an investment
Cash and Capital both +
Paid cash for expense
cash -
owner's equity (expense) both -
received cash from sales
cash and capital both +
Bought supplies on account from paws and claws
both supplies and paws and claws go up +
Sold services on account
account and capital both goes up
Paid cash for supplies
cash goes down supplies goes up
received cash from account
cash goes up account goes down
Paid cash on account to paws and claws
cash goes and and paws and claws go down