maccounting debit and credit using t chart

ASSETS LIABILITIES Trans Date Accounts Receivable Cash Land EQUITY Capital Revenue and Accounts Affected Expense Tools & Equipment Building Accounts Payable Notes Payable 2007 lan. . $ 80,000 Initial Capital Investments 80,000 (52,000) (6,000) 52,000 36,000 30,000 20 S 21 22 23 24 26 13,900 1,800 (600) 13,900 (1,800) (6,800 600 (6,800) 2,200 (1,400)| 31 2,200 sales of Repair Services (1,200) salaries Expense