Transaction Debits/Credits Accounting

Recieved cash from owner as an investment.

______, Capital
General- Credit
Cash- Debit
(T-Account: Equity- Credit | Cash- Debit)

Paid cash for supplies/insurance/expense OR
Paid cash to owner as a withdrawal of equity OR Paid cash to establish a petty cash fund OR Paid cash on account OR Received notice from the bank of a dishonored check

Supplies/Prepaid Insurance/_____ Expense/_______, Drawing/Petty Cash/Accounts Payable/Accounts Receivable
General- Debit
Cash- Credit
(T-Account: Supplies/Insurance/Expense/Drawing/Petty Cash/Accounts Payable/Accounts Receivable- Debit | Cash- Credit)

Bought supplies on account.

Supplies & Accounts Payable
General- Debit
General- Credit
(T-Account: Supplies- Debit | Accounts Payable- Credit)

Received cash from sales.

✓
Sales- Credit
Cash- Debit
(T-Account: Sales- Credit | Cash- Debit)

Sold services on account.

Accounts Receivable
General- Debit
Sales- Credit
(T-Account: Accounts Receivable- Debit | Sales- Credit)

Received cash on account.

Accounts Receivable
General- Credit
Cash- Debit
(T-Account: Accounts Receivable- Credit | Cash- Debit