Record the following transaction in the relevant accounts for the business using Debit and Credit entries....

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Record the following transaction in the relevant accounts for the business using Debit and Credit entries. You are not requir

Cash Car DR CR DR CR Capital Car Acc. Depreciation DR CR DR CR Income Statement Prepayment DR CR DR CR

business accounting

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Answer 1

Answer #1

Cash		Car
DR	CR	DR	CR
13000	12000	12000	12000

Car Acc. Dep		Capital
DR	CR	DR	CR
3000	3000

Income Statement		Prepayment
DR	CR	DR	CR
3000	4000

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Answer 2

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Record the following transaction in the relevant accounts for the business using Debit and Credit entries....

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