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Exercise 2-06 Bramble Corp. had the following transactions. 1. Borrowed $5,916 from the bank by signing a note. 2. Paid $2,958 cash for a computer.
Exercise 2-06
Bramble Corp. had the following transactions.
1. | Borrowed $5,916 from the bank by signing a note. | |
2. | Paid $2,958 cash for a computer. | |
3. | Purchased $532 of supplies on account. |
(a) Under the Debit Analysis and Credit Analysis columns, indicate what Accounts are increased and decreased by each transaction.
Debit Analysis | Credit Analysis | |||||||
1. | ||||||||
2. | ||||||||
3. |
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