Question: i am so lost! help please Bright, the owner, contributed furniture in exchange for capital. Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type

i am so lost! help please
i am so lost! help please Bright, the owner, contributed furniture in
exchange for capital. Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account
Type Increase/Decrease Debit/Credit Bought a company truck by signing a note at
the bank Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type
Increase/Decrease Debit/Credit Received cash for services rendered to a client Account #1
Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Paid cash

Bright, the owner, contributed furniture in exchange for capital. Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Bought a company truck by signing a note at the bank Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Received cash for services rendered to a client Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Paid cash for rent. Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Account 2 Account Type Increase Decrease Debredt Paid for repairs to the company truck Account #1 Account Type Increase/Decrease DebtuCredit Account #2 Account Type Increase/Decrease Debit Credit Purchased $7,000 of equipment on account. Date Accounts and Explanation Debit Credit Nov. 3 Pald $9,000 cash for salaries Date Accounts and Explanation Debit Credit Nov. 4 Debit Credit Nov. 4 Collected $6,000 cash for services Date Accounts and Explanation Debit Credit Nov.5 Bright, the owner, contributed $5,000 of furniture in exchange for capital. Date Accounts and Explanation Debit Credit Nov. S Bright, the owner, contributed furniture in exchange for capital. Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Bought a company truck by signing a note at the bank Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!