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Debits and Credits

AB
Wrote a check - Credit?Credit Cash in Bank
Received a payment - Debit?Debit Cash in Bank
Invest money in the business - Debit?Debit Cash in Bank
Invest money in the business - Credit?Credit Capital
Received a payment - Credit?Credit Accounts Receivable
Bought Supplies on Account - Debit?Debit Supplies
Bought Supplies on Account - Credit?Credit Accounts Payable
Bought Supplies with Cash - Debit?Debit Supplies
Bought Supplies with Cash - Credit?Credit Cash in Bank
Wrote a check to pay on account - Debit?Debit Accounts Payable
Wrote a check to pay on account - Credit?Credit Cash in Bank
Provided a service, customer will pay later - Debit?Debit Accounts Receivable


Personal Finance Instructor
Arab High School

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