Solution-Journalize transaction

Journalize transaction - debit analysis

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Reference no: EM13554989

1. Borrowed $5,000 from the bank by signing a note.

2. Paid $2,500 cash for a computer.

3. Purchased $450 of supplies on account.

(a) Indicate what accounts are increased and decreased by each transaction. Debit Analysis Credit Analysis 1. 2. 3.

b) Journalize each transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No. Account Titles and Explanation Debit Credit 1. 2. 3.

Reference no: EM13554989

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Journalize transaction - debit analysis

Reference no: EM13554989

Reference no: EM13554989

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