Assume Albert Benson used the company Debit Card to purchase materials for a repair in the amount of $225 on 3/31/18, but it didn't post to the bank until 4/1/18. You want this charge reflected in your Q1 Books. How will this entry affect the Balance Sheet and Profit & Loss.

What accounts are affected?

What are your new balances on these accounts at end of quarter and are these totals debits or credit?

What is the overall effect to the P&L?