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Accounting Examples2

Accounting Examples - Debit/Credit

TransactionDEBIT/CREDIT
Pamela Wong invested $30,000 into the business Cash in Bank/Pamela Wong, Capital
Pamela Wong invested office equipment, worth $650, into the business Office Equipment/Pamela Wong, Capital
Bought a computer on account from Computer Warehouse, Inc. for $9,360 Computer Equipment/Accounts Payable
Bought new office equipment for $1,550, Check 100 Office Equipment/Cash in Bank
Designed graphics on account to Roger McFall for $650 Accounts Receivable/Design Revenue
Received $400 on account from Roger McFall Cash in Bank/Accounts Receivable
Paid $3,500 on account to Computer Warehouse, Inc., Check 102 Accounts Payable/Cash in Bank
Completed graphics design work for Adams, Bell, and Cox, Inc. for $850, received Check 234 Cash in Bank/Design Revenue
Paid a carpenter $175 to install a new office bookshelf, Check 803 Furniture/Cash in Bank
Wrote Check 805 for $300 to Solutions Software in payment of an ad purchased last month Accounts Payable/Cash in Bank
Sold old office equipment to Joe Blake for $650 Cash in Bank/Office Equipment
Received $425 as payment on an invoice from Adams, Bell, and Cox, inc. Cash in Bank/Accounts Receivable
Ran a $300 special feature ad in Solutions Software's monthly magazine on account Advertising Expense/Accounts Payable
Completed print production for Design, Inc, and received payment of $100 Cash in Bank/Print Production Revenue
Completed design work for Designers Boutique on account, $900 Accounts Receivable/Design Revenue
Pamela Wong took home a computer from the business Pamela Wong, Capital/Computer Equipment
Created by: emuroff