I invested $5000 in a business.
Bought office furniture on account for $1800
Made payment on account for furniture.
How do I do these transactions? Could you please explain
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I invested $5000 in a business.
Bought office furniture on account for $1800
Made payment on account for furniture.
How do I do these transactions? Could you please explain
Debit Cash for 5,000
Credit Onwers Capital for 5,000
Debit Furniture for 1,800
Credit Accounts Payable for 1,800
Debit Accounts Payable for 1,800
Credit Cash for 1,800
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