Accounting and Finance Foundations

Unit 5

Accounting and Finance Foundations Unit 5: Accounting Terminology 409

Accounting Terminology

Chapter 14

Accounts Receivable

Debit Credit

3,000.00

1,500.00

400.00

400.00

1,000.00

Supplies

Debit Credit

1,000.00

500.00

800.00

200.00

200.00

Pre-Paid Insurance

Debit Credit

2,000.00

Accounts Payable

Debit Credit

(^) 1,000.00
800.00
200.00
200.00
1,000.00 201.00
Capital
Debit Credit
10,000.00
5,000.00
Drawing
Debit Credit
60.00
50.00
14.12.1 Reverse T Transaction Quiz (cont’d)
Student Assignment