Question: Paid cash for rent

Answer: - cash

-capital (expense)

Question: Removed cash from owner as an investment

Answer: +cash

• capital (investment)

• Question: Paid cash for telephone bill

• Answer: -cash

• -capital (expense)

• Question: Received cash from sales

• Answer: +cash

• +capital (revenue)

• Question: Bought supplies on account from Delta Company

• Answer: +supplies

• +delta co.