Exit Ticket, April 5 - Accounting

Draw

Apple bought a new building for $400,000.

1. Accounts affected: Cash in Bank & Buildings.Both are Assets

Draw

Jeff Smith Greer gave his car dealership business a desk valued at $400 from his home.

1. Accounts affected: Office Equipment & Jeff Smith, Capital

Draw

Robert Xiong took $40,000 from her personal checking account and deposited the money into the business checking account.

1. Accounts affected: Cash in Bank & Robert Xiong, Capital