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7. (5 points) Double entry accounting Which side of the ledger do debits go? a b. Which side of the ledger do credits go? Assume
7. (5 points) Double entry accounting Which side of the ledger do debits go? a b. Which side of the ledger do credits go? Assume that you are a hog producer. Use the rules of debits and credits below to assist you in filling out the T accounts below, remember there should be two entries (one in each account). The Rules of Debit and Credit L + OE c. Sold market hogs for $5,000 cash Cash Livestock Sales (Revenue) d. Purchased $10,000 worth of feed using cash Cash Feed Inventory e. Your friend invests $100,000 of cash into the farm Cash Capital
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