How is this posted in T accounts
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Hello Drae, for this transaction, money is moving out so:
in the Insurance a/c you will Debit
then you will credit the source e.g if it came from the bank, credit the cash in bank a/c
Thank you Professor Gibson and have made you my private tutor
Thank you, i will be of assistance to you, any time you need me.....
Professor Gibson being that the insurance is effective July 1 does that change the T account postung? or not
that should not affect the posting, because the transaction is already sunk.....
Billed customers 3,700 for cleaning supplies. Same as previous question T account posting
i think you received from customers, in that case...... Credit the Cleaning supplies a/c and Debit your Cash in bank a/c
here's a tough one: paid 1,000 on account owed for a truck & 500 on account owed for cleaning supplies ? what a/c title and posting
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