Record the following transactions indicating the account affected and whether the account increased ( ) or decreased ( ) Transaction A) Paid accounts payable of $15,000 B) Purchased $1,000 of supplies on account C) Borrowed $20,000 cash from the bank D) Purchased equipment for $18,000 and paid cash...

All amounts are in List Account Effected Dr Cr A Payable 15000 C ...

Record the following transactions indicating the account affected and whether the account increased (+) or decreased (-)

Question:

Record the following transactions indicating the account affected and whether the account increased (+) or decreased (-)
Transaction
A) Paid of $15,000
B) Purchased $1,000 of supplies on account
C) Borrowed $20,000 cash from the bank
D) Purchased equipment for $18,000 and paid cash
E) Sold stock and received $50,000 cash
F) Earned $90,000 of revenue on account
G) Collected $70,000 Paid dividends of $13,000
I) paid operating expenses of $12,000
J) Depreciation expense for the year, $23,000
K) Accrued year end wages of $4,000
L) Received cash for services provided, $75,000
M) Paid $12,000 for a 2 year insurance policy
N) Insurance expired for the year $6,000
O) Accrued interest expense on note, $1,000
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...