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Directions - Add each of the transactions to the journal. Create a total for Debits and Credits. Asset Accounts Liability Accounts Owner's Equity Accounts Transactions
Directions - Add each of the transactions to the journal. Create a total for Debits and Credits. | ||||||||||||
Asset Accounts | Liability Accounts | Owner's Equity Accounts | Transactions | |||||||||
Cash | Accounts Payable | Common Stock (equity) | Jan 1 - Customers drank $2000 of beer and paid you with cash. | |||||||||
Inventory | Notes Payable | Revenue | Jan 7th - Paid Employees $3000 of wages in cash | |||||||||
Equipment | Expenses | Jan 11th - Bought $4000 air conditioner on credit | ||||||||||
Accounts Receivable | Dividends | Jan 13th - Customers drank $3000 worth of beer and will pay in 30 days | ||||||||||
Jan 17th - Paid off $3000 loan with $3000 of cash | ||||||||||||
Date | Accounts and Descriptions | Debit | Credit | |||||||||
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