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-   -   Accounting questions (https://www.askmehelpdesk.com/showthread.php?t=128528)

  • Sep 11, 2007, 06:00 PM
    Tanzy
    Accounting questions
    My investments is $1500.00. If I bought supplies for cash for $400.00, where would the $400.00 go under on my accounting work sheet?
  • Sep 11, 2007, 06:13 PM
    CaptainForest
    Debit Supplies 400
    Credit Cash 400

    That means increase Supplies (an asset account) by 400 and decrease Cash (an asset account) by 400

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