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Jan 1st - Paid $1000 in wages to employees with cash Asset Accounts Liability Accounts Owner's Equity Accounts Jan 7th - Bought $2000 grill on
Jan 1st - Paid $1000 in wages to employees with cash | |||||||||
Asset Accounts | Liability Accounts | Owner's Equity Accounts | Jan 7th - Bought $2000 grill on credit | ||||||
Cash | Accounts Payable | Common Stock (equity) | Jan 11th - Customers ate $1000 worth of food and will pay in 30 days. | ||||||
Inventory | Notes Payable | Revenue | Feb 11th - Collected $1000 owed by customers | ||||||
Equipment | Expenses | ||||||||
Accounts Receivable | Dividends | ||||||||
Date | Accounts and Descriptions | Debit | Credit | ||||||
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