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So the question is like: Fredo industries had the following transactions: Borrowed $5000 from bank by signing a note Paid $2500 cash for a computer
So the question is like:
Fredo industries had the following transactions:
- Borrowed $5000 from bank by signing a note
- Paid $2500 cash for a computer
- Purchased $450 of supplies on account .
;indicate what accounts are increased or decreased by each transaction
Debit Analysis. Account names. Credit Analysis.Account Names.
so you have to indicate wheather there is a increase in liability, increase asset, increase stockholders equity, decrease asset, decrease the stockholders equity on debit analysis and credit analysis and also write the account names for the debit analysis side and credit analysis side
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