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Exercise 2-06 Splish Brothers Inc. had the following transactions. 1. note. 2. 3. Borrowed $6,385 from the bank by signing Paid $3,192 cash for a
Exercise 2-06 Splish Brothers Inc. had the following transactions. 1. note. 2. 3. Borrowed $6,385 from the bank by signing Paid $3,192 cash for a computer. Purchased $575 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. (b) Journalize each transaction. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for No. Account Titles and Explanation Debit Credit 1. 2. 3
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