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

Figure 6.2 Accessory structures of the skin: (A) nail anatomy; (B) hair structure. Reference: Figure 6.2 In Figure 6.2, identify number 5.

When account balances are recorded in the trial balance, the debit balance column total should equal the credit balance column total.