Enter each transaction under both single entry and double entry accounting systems. for the purposes of the online test format be sure to enter a zero if no entry would typically be made in that cell also please use a negative sign for negative numbers NOT parathenses.

	single entry		double entry
	income	expense	icnome	expense	assets		liabilities
					cash	other assets
a. make payments to AgCo finanace for combine loan. $200,000 in principal and $4800 in interest	___________	_______	______	_______	____	______	_________
B. Pay $3,000 for machinery repair	_________	__________	______	______	_____	______	_______