Available under Creative Commons-NonCommercial-ShareAlike 4.0 International License.
Required: Record the debit and credit for each of the following transactions (transaction 1 is done for you):
- Purchased a $10,000 truck on credit
- Borrowed $5,000 cash from the bank
- Paid $2,000 of the bank loan in cash
- Paid $600 in advance for a one–year insurance policy
- Received $500 in advance from a renter for next month’s rental of office space.
- 2066 reads
