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Show the following transactions for a household on a double-entry bookkeeping ledger (values are expressed in the same given unit of account): Household earns a
Show the following transactions for a household on a double-entry bookkeeping ledger (values are expressed in the same given unit of account):
Household earns a salary paid in a checking account (value=100).
Household makes consumption expenses (value=80).
Household buys a property (value=15,000) with a down payment of 10,000 and a loan of 5,000.
| ENTRY | DEBIT | CREDIT |
| Salary |
| |
| Deposits |
| |
| Consumption expenses |
| |
| Deposits |
|
|
| Loan |
|
|
| Deposits |
|
|
| Property |
|
|
| Deposits |
|
|
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