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    Tristan3406's Avatar
    Tristan3406 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Aug 25, 2007, 03:52 PM
    Tabular analysis
    Incurred $900 of advertising costs in the forest jones account. What categories do I put in assets and owners equity.
    nicespringgirl's Avatar
    nicespringgirl Posts: 1,237, Reputation: 187
    Ultra Member
    		  
    #2

    Aug 25, 2007, 05:08 PM
    Increase account payable by $900(credit liability)
    Decrease retained earnings by $900 (debit stockholder's equity)
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