Description	Debit Account	Credit Account
Receive invoice to pre-pay insurance premium for 1 year	Prepaids	Cash
Amortise 1-month of above prepaid insurance	Insurance expense	Prepaids
Issue invoice to resident for current month billing
Receive cheque from above resident for payment of invoice & deposit to bank
Receive invoice to buy equipment that was delivered
Pay invoice by cheque for the above equipment
Record depreciation of above equipment
Receive cash donations for general use
Record initial set up of a petty cash fund
Ministry of Health & Long-term Care revenue payment subsidy received (not in Accounts Receivable)