| A | B |
|---|
| owner invests cash in business | debit Cash; credit Owner, Capital |
| purchase supplies for cash | debit Supplies; credit Cash |
| purchase insurance for cash | debit Prepaid Insurance; credit Cash |
| buy supplies on account | debit Supplies; credit Accounts Payable |
| pay cash on account | debit Accounts Payable; credit Cash |
| receive cash for sales | debit Cash; credit Sales |
| sale on account | debit Accounts Receivable; credit Sales |
| pay cash for expense | debit Expense; credit Cash |
| receive cash on account | debit Cash; credit Accounts Receivable |
| pay cash to owner for personal use | debit Owner, Drawing; credit Cash |
