Accounting Transactions

Purchased Supplies for cash

• Dr. Cash

  Cr. Supplies

• Dr. Supplies

  Cr. Cash

• Dr. Supplies

  Cr. Accounts Payable

• Dr. Supplies

  Cr. Income

Owner contributed cash to business

• Dr. Cash

  Cr. Revenue

• Dr. Cash

  Cr. Accounts Receivable

• Dr. Capital

  Cr. Cash

• Dr. Cash

  Cr. Capital

Purchase of supplies on credit

• Dr. Cash

  Cr. Accounts Payable

• Dr. Supplies

  Cr. Accounts Receivable

• Dr. Supplies

  Cr. Accounts Payable

• Dr. Supplies

  Cr. Cash

Service performed on credit for a customer

• Dr. Accounts Receivable

  Cr. Service fees revenue

• Dr. Cash

  Cr. Accounts Payable

• Dr. Service Fees Revenue

  Cr. Accounts Receivable

• Dr. Service Fees Revenue

  Cr. Accounts Receivable

Paid rent

• Dr. Cash

  Cr. Rent Expense

• Dr. Accounts Payable

  Cr. Rent Expense

• Dr. Rent Expense

  Cr. Accounts Receivable

• Dr. Rent Expense

  Cr. Cash at bank

Business sold goods to a customer who paid a cash deposit and the rest on credit

• Dr. Sales

  Cr. Cash at bank

  Cr. Accounts Receivable

• Dr. Cash

  Dr. Accounts Receivable

  Cr. Sales

• Dr. Accounts Payable

  Dr. Cash

  Cr. Sales

• Dr. Sales

  Cr. Cash

  Cr. Accounts Payable

Paid telephone

• Dr. Telephone

  Cr. Cash

• Dr. Accounts Receivable

  Cr. Telephone

• Dr. Telephone

  Cr. Accounts Payable

• Dr. Cash

  Cr. Telephone

Paid off supplies purchased on credit

• Dr. Supplies

  Cr. Accounts Payable

• Dr. Accounts Payable

  Cr. Cash

• Dr. Cash

  Cr. Accounts Payable

• Dr. Accounts Payable

  Cr. Supplies

Received payment from a service provided on credit

• Dr. Cash

  Cr. Accounts Receivable

• Dr. Service Fees Revenue

  Cr. Cash

• Dr. Accounts Receivable

  Cr. Cash

• Dr. Cash

  Cr. Accounts Receivable

Purchased equipment on credit with a cash deposit

• Dr. Cash

  Dr. Equipment

  Cr. Accounts Payable

• Dr. Equipment

  Cr. Accounts Payable

  Cr. Cash

• Dr. Accounts Payable

  Dr. Cash

  Cr. Equipment

• Dr. Equipment

  Dr. Accounts Payable

  Cr. Cash