ACCOUNTING EQUATION

The owner invests personal cash in business.

• Asset (I)
• Liabilties (I)
• Equity (NE)

The owner withdraws business assets for personal use.

• Assets (I)
• Liabilities (D)
• Equity (D) 

The company receives cash from a bank loan 

• Assets (I)
• Liabilities (D)
• Equity (D)

The company repays the bank that had lent money

• Assets (I)
• Liabilities (D)
• Equity (D)

The company purchases equipment with its cash

• Assets (NE)
• Liabilities (I)
• Equity (I)

The owner contributes her personal truck to the business

• Assets (NE)
• Liabilities (NE)
• Equity (D)

The company purchases supplies on credit

• Assets (I)
• Liabilities (NE)
• Equity (I)

The company purchases land by paying half in cash and signing a note 

• Assets (NE)
• Liabilities (I)
• Equity (I)

The owner withdraws cash for personal use

• Assets (D)
• Liabilities (D)
• Equity (NE)

The company repays the suppliers

• Assets (D)
• Liabilities (I)
• Equity (D)