| A | B |
|---|
| Cash | Asset |
| PrePaid Insurance | Asset |
| Supplies | Asset |
| Miller Supplies | Liability |
| Nancy Davis, Capital | Owner's Equity |
| Increase Asset Account | Debit |
| Increase Liability Account | Credit |
| Increase Owner's Equity | Credit |
| Increase Cash Account | Debit |
| Increase Prepaid Insurance | Debit |
| Increase Supplies Account | Debit |
| Decrease Cash Account | Credit |
| Decrease Prepaid Insurance | Credit |
| Decrease Supplies Account | Credit |
| Increase Miller Supplies Account | Credit |
| Decrease Miller Supplies Account | Debit |
| Increase Nancy Davis, Capital | Credit |
| Decrease Owner's Equity | Debit |
| Increase Expense | Debit |
| Increase Drawing | Debit |
| Increase Owner's Equity | Credit |
| Decrease Owner's Equity | Debit |
| Increase Sales Account | Credit |
| Paid Cash | Credit Cash |
| Received Cash | Debit Cash |
| Bought Supplies on Account | Debit Supplies, Credit Liabilities |
| Paid Cash to owner | Credit Cash, Debit Drawing |
| Paid cash for rent | Credit Cash, Debit Rent Expense |
| Paid cash for insurance | Credit Cash, Debit PrePaid Insurance |
