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