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Jan 2nd - Bought $1000 cooler on credit Asset Accounts Liability Accounts Jan 9th - Bought $1500 of alcohol inventory with cash Cash Accounts Payable
| Jan 2nd - Bought $1000 cooler on credit | ||||||
| Asset Accounts | Liability Accounts | Jan 9th - Bought $1500 of alcohol inventory with cash | ||||
| Cash | Accounts Payable | Jan 11th - Sold cooler for $1000 cash | ||||
| Inventory | Notes Payable | Jan 14th - Took out loan of $5000 | ||||
| Equipment | ||||||
| Date | Accounts and Descriptions | Debit | Credit | |||
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Principles of Cost Accounting
Authors: Edward J. Vanderbeck, Maria Mitchell
17th edition
9781305480520, 1305087402, 130548052X, 978-1305087408
