Made partial payment of $1,000 of the amount owed for supplies. Which of the following accounts would be debited to record this transaction?

Collected $300 from customers on account. Which of the following accounts would be credited to record this transaction?

Maria Lopez started a pet sitting business on September 1 by investing $10,000 cash in the business. Which of the following accounts would be debited to record this transaction?

Debits are used to record

Purchased equipment for $1,000 cash. Which of the following accounts would be credited to record this transaction?

Paid the monthly telephone bill, $60. Which of the following accounts would be debited to record this transaction?

Revenue (income)

An entry on the right side of an account is a

An accounting system that involves recording the effects of each transaction as debits and credits is known as

Written records of the assets, liabilities, and owner’s equity of a business is known as