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which account would be debited and credited to record each transaction occurred at Forever Green Lawn Service. The first transaction has been completed as an
which account would be debited and credited to record each transaction occurred at Forever Green Lawn Service. The first transaction has been completed as an example
Transactions Debit
Credit
Ex Issued a check for monthly rent.
Rent Expense
Cash
Purchased supplies on account.
Purchased new equipment, issuing a check for a down payment, with balance due in thirty days.
Provided services on account
Purchase supplies for cash.
Issued a check to pay a creditor on account.
Collected payment from credit customer.
Issued checks to pay employees their monthly salaries.
Performed services for cash.
Received cash for damaged supplies returned.
Issued a check to pay the telephone bill.
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