Borrowed $$6,900$ from the bank by signing a note.

Paid $$4,400$ cash for a computer.

Purchased $$640$ of supplies on account.

$($a$)$

Your Answer

Correct Answer

Your answer is correct.

Indicate what accounts are increased and decreased by each transaction.

Debit Analysis

Account Names

Cre

$1$

$2$

$3.$

Increase the Asset

Incresse the Li:

Attempts: $3$ of $3$ used

$($b$)$

Journalize each transaction. $($Credit account titles are outomatically indented when the amount is entered. Do not indent manuall$).$ If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts List debit entries before credit entries.$)$

No$.$ Account Titles and Explanation

Debit

Credit

$1.$

$2.$

$3.$