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Activity 3: Analyzing the Transaction Directions Imagine you own a hardware company. Think of at least three (3) transactions that generally take place in this type of business. Record these transactions in the form of a T-account with the debit and credit entry.
Debit Credit
1.
2.
3.​

Sagot :

Damolegehanmaeviz

Answer:

1. Invest 500k in the business.

Capital.

| Cr. 500k

Cash.

Dr. 500k |

2. Purchase supplies on account. 100k

Supplies.

Dr. 100k |

Accounts Payable.

| Cr. 100k

3. Paid partial amount of Supplies. 50k

Accounts Payable.

Accounts Payable. | Cr. 100k

Accounts Payable. | Cr. 100kDr. 50k |

Cash.

Dr. 500k|

| Cr. 50k

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