Question: For each transaction, prepare a basic analysis and a debit/credit analysis. (If no entry is required, select No Entry for the specific accounts and enter

 For each transaction, prepare a basic analysis and a debit/credit analysis.

For each transaction, prepare a basic analysis and a debit/credit analysis. (If no entry is required, select "No Entry" for the specific accounts and enter 0 for the amounts, leave other fields blank.)

Date Basic Type Increase/Decrease Specific Account Amount
June 1 Debit LiabilityExpenseOwner's EquityRevenueDrawingsAsset IncreasesDecreases Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles $
Credit LiabilityOwner's EquityRevenueExpenseDrawingsAsset IncreasesDecreases Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles $
2 Debit AssetLiabilityRevenueOwner's EquityExpenseDrawings IncreasesDecreases Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles $
Credit AssetOwner's EquityLiabilityExpenseDrawingsRevenue DecreasesIncreases Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles $
5 Debit Owner's EquityLiabilityRevenueDrawingsAssetExpense IncreasesDecreases Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles $
Credit RevenueDrawingsOwner's EquityExpenseLiabilityAsset IncreasesDecreases Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles $
9 Debit RevenueExpenseAssetLiabilityDrawingsOwner's Equity DecreasesIncreases Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles $
Credit Owner's EquityLiabilityExpenseDrawingsAssetRevenue IncreasesDecreases Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles $
14 Debit LiabilityExpenseOwner's EquityDrawingsRevenueAsset IncreasesDecreases Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles $
Credit AssetRevenueOwner's EquityLiabilityExpenseDrawings DecreasesIncreases Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles $
17 Debit Owner's EquityLiabilityAssetRevenueDrawingsExpense IncreasesDecreases D. Bratt, DrawingsSuppliesUnearned RevenueAccounts PayableSalaries ExpenseEquipmentCashUtilities ExpenseInsurance ExpenseAdvertising ExpenseNotes PayableService RevenueD. Bratt, CapitalPrepaid InsuranceRent ExpenseAccounts ReceivableNo EntryVehicles $
Credit LiabilityDrawingsExpenseOwner's EquityAssetRevenue IncreasesDecreases Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles $
19 Debit RevenueDrawingsExpenseAssetOwner's EquityLiability IncreasesDecreases Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles $
Credit LiabilityOwner's EquityExpenseRevenueAssetDrawings IncreasesDecreases Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles $
29 Debit LiabilityRevenueAssetExpenseDrawingsOwner's Equity IncreasesDecreases Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles $
Credit Owner's EquityLiabilityRevenueExpenseAssetDrawings DecreasesIncreases Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles $
30 Debit LiabilityAssetRevenueDrawingsExpenseOwner's Equity DecreasesIncreases Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles $
Credit LiabilityAssetExpenseRevenueDrawingsOwner's Equity IncreasesDecreases Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles $
30 Debit ExpenseLiabilityOwner's EquityAssetDrawingsRevenue DecreasesIncreases Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles $
Credit Owner's EquityDrawingsExpenseAssetLiabilityRevenue IncreasesDecreases Accounts PayableAccounts ReceivableAdvertising ExpenseCashD. Bratt, CapitalD. Bratt, DrawingsEquipmentInsurance ExpenseNo EntryNotes PayablePrepaid InsuranceRent ExpenseSalaries ExpenseService RevenueSuppliesUnearned RevenueUtilities ExpenseVehicles $

Bratt Plumbing Company had the following transactions for June. June 1 2 5 9 Paid $620 for rent for the month of June. Paid $210 for one month of insurance. Collected $1.155 for plumbing services provided. Provided Jeff Dupuis, a potential customer, with an estimate of $400 for plumbing work that will be performed in July if the customer hires Bratt Plumbing. Paid $620 for supplies purchased on account in May. The purchase in May had been correctly recorded. Billed Rudy Holland $1,360 for plumbing work performed. Jeff Dupuis agreed to hire Bratt Plumbing (see the June 9 transaction) and gave Bratt Plumbing a down payment of $75. 14 17 19 29 Purchased $1,655 of equipment on account. 30 Paid an employee $905. 30 Paid D. Bratt, the company owner, $1,175

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