Debits and Credits

USA Discussion in 'General Accountancy Discussion' started by cmiller1843, Feb 1, 2019.

  1. cmiller1843

    cmiller1843

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    Can someone help me. Im not sure how to post these journal entries. which ones are entered as positive and which ones are negatives?? Any help is appreciated

    Debit Credit
    vehicles 49,935.28
    accum depr. 49,935.28
    office furniture 3,240.00
    outside service 3,240.00
     
    cmiller1843, Feb 1, 2019
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  2. cmiller1843

    bklynboy VIP Member

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    Location:
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    vehicles (Debit Asset)
    accum depr. (Credit Contra Asset)
    office furniture(Debit Asset)
    outside service(Debit Expense)

    1 for 4 on your effort - This is kind of basic so if this is giving you trouble you are in for a world of hurt! BTW don't think of accounting as "positives" and "negatives" there is no such thing!
     
    bklynboy, Feb 1, 2019
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