crusher company accounting entries

What is a debit in accounting? Post debit entries on the left side of each journal entry. Asset and expense accounts increase with a debit entry, with some exceptions. In entry No. 1, inventory (an asset account) increases with a $10,000 debit. What is a credit in accounting? Post credit entries on the right side of each journal entry.

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    Solved EXERCISES E3 1. Transaction Analysis Service Comp

    (Transaction Analysis-Service Company) (LO 2) Beverly Crusher Is A Licensed CPA. During The First Month Of Operations Of Her Business (a Sole Proprietorship), The Following Events And Transacuons Occurred. April Invested $32,000 Cash And Equipment Valued At $14,000 In The Business. 2 2 Hired An Administrative Assistant At A Salary Of ...

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  • Free Accounting Templates in Excel Smartsheet

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    After entering the debits and credits the T-accounts look like this: On June 2, 2020 the company repays $2,000 of the bank loan. As a result, the company's asset Cash must be decreased by $2,000 and its liability Notes Payable must be decreased by $2,000. To reduce the asset Cash the account will need to be credited for $2,000.

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    Transaction Analysis Service Company Beverly Crusher is

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