Business transactions Entry B. Land Owner(seller) Netsolutions buys land for $20,000 Land receive NetSolutions gIve Debit (buyer) Credit General Journal Date Description Debit Credit 11/5 Land 20.000 c2-16
C2 - 16 NetSolutions buys land for $20,000. Business Transactions receive Debit give Credit NetSolutions (buyer) Land Land Owner (seller) give Credit Entry B. General Journal Date Description Debit Credit 11/5 Land 20,000
Business transactions Entry B. Land Owner(seller) Netsolutions buys land for $20,000 Land Cash receive NetSolutions gIve Debit (buyer) Credit General Journal Date Description Debit Credit 11/5 Land 20.000 Cash 20.000 c2-17
C2 - 17 NetSolutions buys land for $20,000. Business Transactions receive Debit give Credit NetSolutions (buyer) Land Cash Land Owner (seller) give Credit Entry B. General Journal Date Description Debit Credit 11/5 Land 20,000 Cash 20,000
Business transactions Entry C Supplier(seller) Netsolutions buys supplies for $1, 350, agreeing to pay in the near future receive NetSolutions gIve Debit (buyer) Credit General Journal Date Description Debit Credit 11/10 c2-18
C2 - 18 NetSolutions buys supplies for $1,350, agreeing to pay in the near future. Business Transactions receive Debit give Credit NetSolutions (buyer) Entry C. Supplier (seller) General Journal Date Description Debit Credit 11/10
Business transactions Entry C Supplier(seller) Netsolutions buys supplies for Supplies $1, 350, agreeing to pay in the near future receive NetSolutions gIve Debit (buyer) Credit General Journal Date Description Debit Credit 11/10 Supplies 1350 c2-19
C2 - 19 NetSolutions buys supplies for $1,350, agreeing to pay in the near future. Business Transactions receive Debit give Credit NetSolutions (buyer) Supplies Supplier (seller) give Credit Entry C. General Journal Date Description Debit Credit 11/10 Supplies 1,350
Business transactions Entry C Supplier(seller) Netsolutions buys supplies for Supplies A promise $1, 350, agreeing to to pay later pay in the near future receive NetSolutions gIve Debit (buyer) Credit General Journal Date Description Debit Credit 11/10 Supplies 1350 Accounts Payable 1350 c2-20
C2 - 20 NetSolutions buys supplies for $1,350, agreeing to pay in the near future. Business Transactions receive Debit give Credit NetSolutions (buyer) Supplies Supplier (seller) give Credit Entry C. A promise to pay later General Journal Date Description Debit Credit 11/10 Supplies 1,350 Accounts Payable 1,350