| A | B |
|---|
| Received cash from the owner as an investment. | Debit=Cash, Credit=Capital |
| Paid cash for rent. | Debit=Rent Expense, Credit=Cash |
| Paid cash for electric bil. | Debit=Utilities Expense, Credit=Cash |
| Paid cash for supplies. | Debit=Supplies, Credit=Cash |
| Paid cash for insurance. | Debit=Prepaid Insurance, Credit=Cash |
| Bought supplies on account. | Debit=Supplies, Credit=Accounts Payable |
| Paid cash to establish a petty cash account. | Debit=Petty Cash, Credit=Cash |
| Received cash from sales. | Debit=Cash, Credit=Sales. |
| Sold services on account. | Debit=Accounts Receivable, Credit=Sales |
| Paid cash to the owner for personal use. | Debit=Drawing, Credit=Cash |
| Received cash on account. | Debit=Cash, Credit=Accounts Receivable |
| Paid cash on account. | Debit=Accounts Payable, Credit=Cash |
| Received bank statement showing a service charge. | Debit=Miscellaneous Expense, Credit=Cash |
| Paid cash to replenish the petty cash fund $165; Miscellaneous Expense, $120, Repairs $45. | Debit=Miscellaneous Expense, $120; Debit=Repairs Expense, $45; Credit=Cash $165. |
| Paid cash for water bill. | Debit=Utilities Expense, Credit=Cash |
