1. Accounting I/II Chapter 2, Section 3

2.  What accounts are affected?  How is each account classified?  How is each classification changed?  How is each amount entered in the accounts?

3.  What accounts are affected?  How is each account classified?  How is each classification changed?  How is each amount entered in the accounts? Cash Sales AssetRevenue 295.00 Debit Credit Debit Credit 295.00

4.  What accounts are affected?  How is each account classified?  How is each classification changed?  How is each amount entered in the accounts? Accts. Rec—Oakdale School Sales Asset Revenue 350.00 Debit Credit Debit Credit 350.00

5.  What accounts are affected?  How is each account classified?  How is each classification changed?  How is each amount entered in the accounts? Rent Expense Cash Expense Asset 300.00 Debit Credit Debit Credit 300.00

6.  What accounts are affected?  How is each account classified?  How is each classification changed?  How is each amount entered in the accounts? Cash Accts. Rec.—Oakdale School Asset 200.00 Debit Credit Debit Credit 200.00

7.  What accounts are affected?  How is each account classified?  How is each classification changed?  How is each amount entered in the accounts? Kim Park, Drawing Cash Withdrawal Asset 125.00 Debit Credit Debit Credit 125.00

8. 2-3 Work Together and On Your Own 2-3 Application Problem 2-4 Application Problem