When a sole proprietor invests cash into a business, do you debit or credit owner’s capital?

When a business pays cash for rent, do you debit or credit the cash account?

How do credits affect expense accounts?

How do credits affect liability accounts?

When a business finances the purchase of a building with a bank note to acquire equipment, do you debit or credit the loan payable account?

How do credits affect expense accounts?

How do debits affect revenue accounts?

How do debits affect expense accounts?

When a sole proprietor invests cash into a business do you debit or credit owner's equity?

How do debits affect the owner’s capital account?

How do credits affect liability accounts?

How do credits affect expense accounts?

How do debits affect the owner’s capital account?

When a business uses up supplies,do you debit or credit the supplies expense account?

How do debits affect the retained earnings account?

When a business disburses cash to pay for supplies that were purchased on account, do you debit or credit accounts payable?

When a business receives payment from a client for services rendered, do you debit or credit fees earned?

How do credits affect asset accounts?

How do debits affect liability accounts?

When a business purchases supplies on account, do you debit or credit the supplies inventory account?