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Chapter 3 Analyzing Transactions into Debit and Credit Parts

Chapter 3 Analyzing Transactions into Debit and Credit Parts. T- Account. Assets = Liabilities + Owners Equity. Each account receives a T-Account so that we may analyze the balance of the account. Analyzing the T-Account. Left Side. Right Side. Debit. Credit.

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Study Abroad in the USA

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Sample Problem

Sample Problem. Chapter 6. On December 31 the ledger of Henderson Company contained the following account balances. All accounts have normal balances. Journalize the closing entries. Cash $36,000 Eugene Henderson $24,000 Accounts Receivable 2,400 Fees Income 85,000

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Chapter 3 Analyzing Transactions into Debit and Credit Parts

Study Abroad in the USA

Sample Problem

2100 Moorpark Avenue San Jose CA 95128 (408) 298- 2181 sjcc