1. Source: Century 21 South-Western Accounting 9th Edition 2009
Application 2-2
Source: Century 21 South-Western Accounting 9th Edition 2009

2. HAL’S MARKETING SERVICES
CASH
SUPPLIES
PREPAID INSURANCE
ACCOUNTS RECEIVABLE— DOMINIK FIELD
ACCOUNTS PAYABLE – ALL STAR COMPANY
HAL ROSEN, CAPITAL
HAL ROSEN, DRAWING
SALES
ADVERTISING EXPENSE
RENT EXPENSE

3. Debits are on the left and Credits are on the right!
T Accounts
Debits are on the left and Credits are on the right!

4. Mar. 1 Received cash from owner as an investment, $1000.00

6. March 1 Paid cash for insurance, $400.00

8. March 3 Bought supplies on account from All Star Company, $600.00

10. March 5 Paid cash for supplies, $100.00

12. March 8 Paid on account to All Star Company, $400.00