(a) Under the Debit Analysis and Credit Analysis columns, indicate what Accounts are increased and decreased by each transaction.

Exercise 2-06

Bramble Corp. had the following transactions.

1.		Borrowed $5,916 from the bank by signing a note.
2.		Paid $2,958 cash for a computer.
3.		Purchased $532 of supplies on account.

(a) Under the Debit Analysis and Credit Analysis columns, indicate what Accounts are increased and decreased by each transaction.

	Debit Analysis	Credit Analysis
1.

2.

3.

Expert Solution

Under Debit Analysis and Credit Analysis

1.This transaction causes an increase in asset and liabilities because cash increases by $5916 and it become a liability as it has to be repaid.

2. This transaction causes an increase and decrease to assets as one asset computer is increased and another asset cash is decreased.

3. This transaction causes an increase in asset account and an increase in liabilities account.

ekkarill92 answered 2 years ago

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