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  • Debits and Credits Using T Accounts OYO

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    Angela Edel
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    This document provides directions for students to practice identifying the normal balance, debit side, and credit side of various accounts by completing T-accounts. Students are asked to prepare T-accounts for cash, supplies, accounts receivable, accounts payable, prepaid insurance, and capital accounts. They must label each side of the T-accounts as the normal balance, increase, or decrease side based on whether each account is an asset, liability, or owner's equity.

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    This document provides directions for students to practice identifying the normal balance, debit side, and credit side of various accounts by completing T-accounts. Students are asked to prepare T-accounts for cash, supplies, accounts receivable, accounts payable, prepaid insurance, and capital accounts. They must label each side of the T-accounts as the normal balance, increase, or decrease side based on whether each account is an asset, liability, or owner's equity.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    431 views1 page

    Debits and Credits Using T Accounts OYO

    Uploaded by

    Angela Edel
    This document provides directions for students to practice identifying the normal balance, debit side, and credit side of various accounts by completing T-accounts. Students are asked to prepare T-accounts for cash, supplies, accounts receivable, accounts payable, prepaid insurance, and capital accounts. They must label each side of the T-accounts as the normal balance, increase, or decrease side based on whether each account is an asset, liability, or owner's equity.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 1

    Name: ______________________________________

    Date: _______

    Debits and Credits: Using T Accounts


    On Your Own
    Directions: Determine the normal balance and increase and decrease sides for the following accounts.
    Cash Supplies Accounts Receivable Lee Maury Accounts Payable - Staples Accounts Receivable Joe Schrum Accounts Payable Wayne Supplies Prepaid Insurance Vickie Smith, Capital

    For each of the accounts, complete the following: 1. Prepare a T account. 2. Label the debit and credit sides. 3. Label each side of the T account using the following labels: a. Normal Balance b. Increase c. Decrease Assets = Liabilities + Owners Equity

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