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It concludes with practice problems and chapter assessments.",{"@graph":14,"@context":72},[15,34,55],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/exam/","Exam",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/document/chapter-2-analyzing-transactions-into-debit-and-credit-parts/663499/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/chapter-2-analyzing-transactions-into-debit-and-credit-parts/663499.png","ImageObject",300,407,{"name":42,"@type":43},"Hazel","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-29","2026-10-28",true,{"@type":52,"interactionType":53,"userInteractionCount":26},"InteractionCounter",{"@type":54},"ViewAction",{"@type":56,"mainEntity":57},"FAQPage",[58,64,68],{"name":59,"@type":60,"acceptedAnswer":61},"What are T accounts and how do they relate to debits and credits?","Question",{"text":62,"@type":63},"A T account is an accounting device used to analyze transactions. Amounts recorded on the left are debits and amounts recorded on the right are credits.","Answer",{"name":65,"@type":60,"acceptedAnswer":66},"How do you determine when an account increases or decreases?",{"text":67,"@type":63},"An account increases on the side of its normal balance and decreases on the opposite side. Normal balances are tied to the accounting equation and the account’s type.",{"name":69,"@type":60,"acceptedAnswer":70},"How do transactions affect assets, liabilities, and owner’s equity?",{"text":71,"@type":63},"For example, receiving cash as an investment increases Cash and Capital. Paying cash for supplies increases Supplies and decreases Cash, while paying on account decreases both Accounts Payable and Cash.","https://schema.org",{"og:url":32,"og:type":74,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":76,"canonical":32},"index,follow",{"doc_id":78,"site_id":7},663499,1793228747,{"code":4,"msg":81,"data":82},"success",[83,87,91,94,99,104,109,114,119,122,126],{"id":22,"doc_module":4,"doc_module_name":25,"category_name":84,"show_sort_weight":85,"slug":86},"Story & Novel",90,"story-novel",{"id":26,"doc_module":4,"doc_module_name":25,"category_name":88,"show_sort_weight":89,"slug":90},"Literature",80,"literature",{"id":33,"doc_module":4,"doc_module_name":25,"category_name":29,"show_sort_weight":92,"slug":93},70,"exam",{"id":95,"doc_module":4,"doc_module_name":25,"category_name":96,"show_sort_weight":97,"slug":98},5,"Comic",60,"comic",{"id":100,"doc_module":4,"doc_module_name":25,"category_name":101,"show_sort_weight":102,"slug":103},6,"Technology",50,"technology",{"id":105,"doc_module":4,"doc_module_name":25,"category_name":106,"show_sort_weight":107,"slug":108},7,"Healthcare",40,"healthcare",{"id":110,"doc_module":4,"doc_module_name":25,"category_name":111,"show_sort_weight":112,"slug":113},8,"Research & Report",30,"research-report",{"id":115,"doc_module":4,"doc_module_name":25,"category_name":116,"show_sort_weight":117,"slug":118},9,"Religion & Spirituality",20,"religion-spirituality",{"id":117,"doc_module":4,"doc_module_name":25,"category_name":120,"show_sort_weight":117,"slug":121},"World Cup","world-cup",{"id":123,"doc_module":4,"doc_module_name":25,"category_name":124,"show_sort_weight":123,"slug":125},10,"Lifestyle","lifestyle",{"id":127,"doc_module":4,"doc_module_name":25,"category_name":128,"show_sort_weight":95,"slug":129},19,"General","general",{"code":4,"msg":81,"data":131},{"doc_id":78,"user_id":132,"nickname":42,"user_avatar":133,"doc_module":4,"category_id":33,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":26,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":95,"language":139,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":12,"update_tm":79,"read_time":143},137441390410,"https://ap-avatar.wpscdn.com/avatar/2000252f4ab5702993?_k=1776741390130283984","Accounting I  \nChapter 2 Analyzing Transactions into Debit and Credit Parts  \nReview:  \nReview the Accounting Equation (left side/right side)--Must Equal  \nAssign Students to Read Ch. 2 (p. 26-43) and complete the terms p. 26 (Students may hand-write them on handout or do on word processor)  \nDiscuss Section 2-1: Using T Accounts  \nAn Accounting device used to analyze transactions is called a TAccount.  \nAn amount recorded on the left side is called a Debit.  \nAn amount recorded on the right side is called a Credit. The side of the account that is increased is called the Normal Balance .  \n--see chart p. 29  \nAssets = Liabilities + Owner's Equity  \nAssets are on the left side of the accounting equation so they have a left side or debit balance  \nLiabilities are on the right side of the accounting equation so they have a right side or credit balance .  \nOwner ’s Equity is on the right side of the accounting equation so it has a right side or credit balance .  \nTwo Rules:  \n1. Account balances increase on the side of the normal balance .  \n2. Account balances decrease on the side opposite the normal balance .  \nPractice: Complete Work Together/On Your Own p. 31  \nAssign: Application Problem 2-1 p. 46  \nDiscuss Section 2-2: Analyzing How Transactions Affect Accounts  \nA list of accounts used by a business is called a Chart of Accounts .--Encore Techknow Consulting on Page 3  \nQuestions for Analyzing Transactions into debit and credit parts .  \n1. Which accounts are affected?  \n2. How is each account classified?  \n3. How is each classification changed?  \n4. How is each amount entered into accounts?  \nNotes:  \n***when both accounts affected are on the same side of the accounting equation, one must be increased and one must be decreased***  \n***when accounts affected are on opposite sides of the accounting equation, both either increase or both decrease***  \n***accounts are always decreased on the opposite side of the normal balance***  \nTransaction \\#1: Received cash from owner as an investment. (p. 32)  \nD-Cash (increase asset)  \nC-Capital (increase owner's equity)  \nTransaction \\#2: Paid cash for supplies (p. 33)  \nD-Supplies (increase asset)  \nC-Cash (decrease asset)  \nTransaction \\#3: Paid Cash for insurance (p. 34)  \nD-Prepaid Insurance (increase asset)  \nC-Cash (decrease asset)  \nTransaction \\#4: Bought supplies on account from Supply Depot (p. 35)  \nD-Supplies (increase asset)  \nC-Accounts Payable—Supply Depot (increase liability)  \nTransaction \\#5: Paid cash on account to Supply Depot (p. 36) D-Accounts Payable--Supply Depot (decrease liability)  \nC-Cash (decrease asset)  \nPractice: Complete Work Together/On Your Own p. 37  \nAssign: Application Problem 2-2 p. 46  \nDiscuss Section 2-3: Analyzing How Transactions Affect Owner's Equity Accounts  \nRevenue increases owner's equity. Most businesses use a separate revenue account such as Sales. Increases in OE are credits; therefore, sales (revenue account) has a normal credit balance .  \nRevenue (Sales)  \nNormal Credit Balance Increase Credit Side Decrease Debit Side  \nTransaction \\# 6: Received cash from sales (p. 38)  \nD-Cash (increase asset)  \nC-Sales (increase revenue/oe)  \nTransaction \\#7: Sold Services on Account to Oakdale School (p. 39)  \nD-Accounts Receivable/Oakdale School (increase asset) C-Sales (increase revenue/oe)  \nExpenses decrease owner's equity. Businesses use separate expense accounts. Decreases in OE are debits; therefore, expenses have a normal debit balance . All expenses are recorded the same way. (see chart of accounts p. 3)  \nExpense Account  \nNormal Debit Balance Increase Debit Side Decrease Credit Side  \nTransaction \\#8: Paid Cash for Rent (p. 40)  \nD-Rent Expense (decrease oe)  \nC-Cash (decrease asset)  \nTransaction \\#9: Received cash on account from Oakdale School (p. 41)  \nD-Cash (increase asset)  \nC-Accounts Receivable/Oakdale School (decrease asset)  \nWithdrawals decrease Owner's Equity. Businesses use a separate account called Drawing. Decreases ","cbCaiqP7lGeg3Y5M","https://ap.wps.com/l/cbCaiqP7lGeg3Y5M","pdf",95258,"English","# Review\n## Accounting Equation\n## T Accounts\n## Rules for Debits and Credits\n# Analyzing Transactions\n## Section 2-2: Transaction Effects on Accounts\n## Section 2-3: Transaction Effects on Owner's Equity Accounts\n# Transactions and Practice\n## Practice and Application Problems\n## Formative and Summative Assessment","[{\"question\":\"What are T accounts and how do they relate to debits and credits?\",\"answer\":\"A T account is an accounting device used to analyze transactions. Amounts recorded on the left are debits and amounts recorded on the right are credits.\"},{\"question\":\"How do you determine when an account increases or decreases?\",\"answer\":\"An account increases on the side of its normal balance and decreases on the opposite side. Normal balances are tied to the accounting equation and the account’s type.\"},{\"question\":\"How do transactions affect assets, liabilities, and owner’s equity?\",\"answer\":\"For example, receiving cash as an investment increases Cash and Capital. Paying cash for supplies increases Supplies and decreases Cash, while paying on account decreases both Accounts Payable and Cash.\"}]","Chapter 2 - Analyzing Transactions into Debit and Credit Parts | PDF",13]