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