(Hello, I am very confused in this discussion post that I was wondering if you can give me another example, I am not exactly sure where to start)

Give a unique example of a business transaction. Then explain and show the T-account info. Create a fictitious company, then create a fictitious scenario. Example:

Owner invests $5,000. Analysis: Since money is deposited into the checking account, Cash is debited (the balance increased by $5,000). What account receives a credit? An Equity account called Owners Equity or Capital Contribution. Since Equity accounts are negative accounts, crediting this Equity account increases its balance by $5,000.

Debit Cash (increase its balance)

Credit Owners Equity (increases its balance)