Show the following transactions for a household on a double-entry bookkeeping ledger (values are expressed in the same given unit of account): Household earns a salary paid in a checking account (value=100). Household makes consumption expenses (value=80). Household buys a property (value=15,000) with a down payment of 10,000 and a loan of 5,000. ENTRY DEBIT CREDIT Salary Deposits Consumption expenses Deposits Loan Deposits Property Deposits
Show the following transactions for a household on a double-entry bookkeeping ledger (values are expressed in the same given unit of account): Household earns a salary paid in a checking account (value=100). Household makes consumption expenses (value=80). Household buys a property (value=15,000) with a down payment of 10,000 and a loan of 5,000. ENTRY DEBIT CREDIT Salary Deposits Consumption expenses Deposits Loan Deposits Property Deposits
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 4EA: For each of the transactions, state which special journal (sales journal, cash receipts journal,...
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Show the following transactions for a household on a double-entry bookkeeping ledger (values are expressed in the same given unit of account):
Household earns a salary paid in a checking account (value=100).
Household makes consumption expenses (value=80).
Household buys a property (value=15,000) with a down payment of 10,000 and a loan of 5,000.
ENTRY |
DEBIT |
CREDIT |
Salary |
|
|
Deposits |
|
|
Consumption expenses |
|
|
Deposits |
|
|
Loan |
|
|
Deposits |
|
|
Property |
|
|
Deposits
|
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