This Website Has Been Moved to a New Link


E2-6 Elvira Industries

Price: $1.99

E2-6 Elvira Industries had the following transactions.
1. Borrowed $5,000 from the bank by signing a note.
2. Paid $2,500 cash for a computer.
3. Purchased $450 of supplies on account.

(a) Indicate what accounts are increased and decreased by each transaction.
(b) Journalize each transaction. (Omit explanations.)

No comments:

Post a Comment