| 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 Account 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 |
