Accounting Transaction Practice

Front

Paid cash for supplies
Options:
Dr. Cash
Cr. Supplies
,
Dr. Supplies
Cr. Accounts Payable
,
Dr. Supplies
Cr. Cash
,
Dr. Supplies
Cr. Income

Back

Dr. Supplies
Cr. Cash

Front

Received cash for investment by owner
Options:
Dr. Cash
Cr. Revenue
Dr. Owner's Capital
Cr. Cash
Dr. Cash
Cr. Accounts Receivable
Dr. Cash
Cr. Owner's Capital

Back

Dr. Cash
Cr. Owner's Capital

Front

Purchased supplies on account
Options:
Dr. Cash
Cr. Accounts Payable
Dr. Supplies
Cr. Accounts Payable
Dr. Supplies
Cr. Accounts Receivable
Dr. Supplies
Cr. Cash

Back

Dr. Supplies
Cr. Accounts Payable

Front

Sold services on account

Back

Dr. Accounts Receivable
Cr. Sales

Front

Paid cash for rent.

Back

Dr. Rent Expense
Cr. Cash

Front

Received cash for sales

Back

Dr. Cash
Cr. Sales

Front

Paid cash for Telephone bill. Options: Dr. Utilities Expense, Cr. Cash; Dr. Utilities Expense, Cr. Accounts Payable; Dr. Accounts Receivable, Cr. Utilities Expense; Dr. Cash, Cr. Utilities Expense

Back

Dr. Utilities Expense
Cr. Cash

Front

Paid cash on account.

Back

Dr. Accounts Payable
Cr. Cash

Front

Received cash on account. Options: Dr. Cash, Cr. Accounts Payable, Dr. Accounts Receivable, Cr. Cash, Dr. Sales, Cr. Cash, Dr. Cash, Cr. Accounts Receivable

Back

Dr. Cash
Cr. Accounts Receivable

Front

Purchased supplies on account. Options: Dr. Supplies, Cr. Accounts Payable, Dr. Accounts Payable, Cr. Supplies, Dr. Cash, Cr. Accounts Payable, Dr. Supplies, Cr. Cash

Back

Dr. Supplies, Cr. Accounts Payable