Answers
Answer Oct-01 Debit Debit Credit $ 31,770 Credit $ 31,770 Oct-02 Debit Debit $ 42,720 Credit Credit $ 42,720 Oct-03 Debit |$ 3,740 Debit Credit Credit Oct-06 Debit Increase Assets Cash Increase Stockholder's Equity Common Stock Increase Expenses Salaries and wages expense Increase Liabilities Accounts Payable Increase Assets Equipment (Furniture) Increase Liabilities Accounts Payable Increase Assets Accounts Receivable Increase revenues Service Revenue Increase Assets Cash Increase revenues Service Revenue $ 3,740 $ 10,430 Debit Credit $ 10,430 Credit Oct-10 Debit Debit Credit $ 185 Credit $ 185
$ 800 Oct-27 Debit Debit Credit Credit Decrease Liabilities Accounts Payable Decrease Assets Cash Decrease Liabilities Accounts Payable Decrease Assets $ 800 Oct-30 Debit $ 3,560 Debit Credit Credit Cash $ 3,560
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