You haven't really said what you need. Much of this just looks like info that was provided to you from another source, i.e. explanation of journals and ledgers, what a t account is, etc. The questions under transaction 1 and transaction 2 are all correct. Except, please tell me that this:
Which side of supplies account represents the increase in cash? Debit side (Left side).
Is a typo. Cause the supplies account doesn't represent anything to do with the cash account. So the question is false to begin with. However, they are both debit accounts, so your answer works either way. (The question should be: which side of supplies represents the increase in supplies
Everything that is underneath those transactions I don't get... I don't understand if that is more info being provided to you
, or whether there was a question there that you were supposed to answer, but you've provided no question. And the whole section of "Debits and Credits of Accounts" I don't understand. I think you may have been attempting to create columns, but they don't work - so it's impossible to tell what is supposed to be what.
On the financial statements, accounts are reported on the sides where they have normal balances.
That is a false statement. But again, I don't know if you were attempting to answer some question that you didn't include, or if this was info provided to you. But this last is a false statement. Financial statements are not
about debits & credits. They are simply a reporting of account balances, certain totals and sub-totals, etc. The columns on a statement are not debit & credit columns. The columns are merely used for organization. There could be 3 or 4 columns. If you will look at the example here: Multiple-Step Income Statement | AccountingCoach.com
You'll notice that a few expenses are listed to the list (just as a list, not as debits), but all sorts of stuff is listed to the right, including revenues, expenses, sub-totals and totals. That right column is certainly not credits. It's just a reporting of numbers in an organized manner.