•   Ironmen

    Unit Five Accounting

    Normal Balances

     

      Wildcats

     

    Assets:

     

    Cash

    Debit

    Petty CashDebit

    Accounts Receivable

    Debit

    Supplies

    Debit

    Prepaid Insurance

    Debit

     

     

    Liabilities:

     

    Accounts Payable

    Credit

     

     

    Owner’s Equity:

     

    Owner Name, Capital

    Credit

    Owner Name, Drawing

    Debit

    Income SummaryNone

     

     

    Revenue:

     

    Sales

    Credit

     

     

    Expenses:

     

    Advertising Expense

    Debit

    Insurance ExpenseDebit

    Miscellaneous Expense

    Debit

    Rent Expense

    Debit

    Repair Expense

    Debit

    Supplies ExpenseDebit

    Utilities Expense

    Debit