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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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