Choose two appropriate account names for each of the following business transactions. State whether you would debit

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Choose two appropriate account names for each of the following business transactions. State whether you would debit or credit each of the accounts.
a. Z. Zimmerman commenced business 'ZZ' by contributing cash.
b. Cash sales by ZZ to customer.
c. Paid business registration fees.
d. Paid wages to part-time employee.
e. Cash purchases of inventory.
f. Sold goods on credit to customer.
g. Borrowed money from Happy Rates Bank.
h. Purchased office desk for cash from Looking Good Office Furniture.
i. Received interest from Happy Rates Bank.
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Accounting Business Reporting For Decision Making

ISBN: 9780730302414

4th Edition

Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver

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