Chapter 4, Section 2 Applying the Rules of Debit and Credit What Do You Think? How many T accounts would you need to analyze a transaction? Glencoe Accounting Unit 2 Chapter 4 Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.

Applying the Rules of Debit and Credit SECTION 4.2 Main Idea Use T accounts to analyze transactions. You Will Learn a step-by-step method for analyzing transactions. how to apply the method to asset, liability, and owner’s capital transactions. Glencoe Accounting Unit 2 Chapter 4 Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.

Applying the Rules of Debit and Credit SECTION 4.2 Asset and Equities Transaction When analyzing business transactions, you should apply the rules of debit and credit, and complete the entry in T-account form. Glencoe Accounting Unit 2 Chapter 4 Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.

Applying the Rules of Debit and Credit SECTION 4.2 Asset and Equities Transaction When analyzing business transactions, you should follow this method: Glencoe Accounting Unit 2 Chapter 4 Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.

Applying the Rules of Debit and Credit SECTION 4.2 Assets and Owner’s Capital Use a T account to analyze an owner’s investment in the business: Glencoe Accounting Unit 2 Chapter 4 Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.

Applying the Rules of Debit and Credit SECTION 4.2 Assets and Liabilities Increase an asset and decrease another asset: Glencoe Accounting Unit 2 Chapter 4 Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.

Applying the Rules of Debit and Credit SECTION 4.2 Assets and Liabilities Increase an asset and increase a liability: Glencoe Accounting Unit 2 Chapter 4 Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.

Applying the Rules of Debit and Credit SECTION 4.2 Assets and Liabilities Increase an asset and decrease another asset: Glencoe Accounting Unit 2 Chapter 4 Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.

Applying the Rules of Debit and Credit SECTION 4.2 Assets and Liabilities Decrease a liability and decrease an asset: Glencoe Accounting Unit 2 Chapter 4 Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.

Applying the Rules of Debit and Credit SECTION 4.2 Assets and Liabilities Increase an asset and decrease a liability: Glencoe Accounting Unit 2 Chapter 4 Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.