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College Accounting
John Price, University of North Texas
M. David Haddock, Chattanooga State Technical Comm. College
Horace Brock, University of North Texas
Connie Hahn, Southern Alberta Institute of Technology
Traven Reed, Canadore College
Debits and Credits

Learning Objectives

Define debit and credit.

Describe the relationship between debits and credits, and the accounting equation.

Record transactions in the general journal.

Post transactions from the general journal to T accounts.

Record transactions affecting owner's equity in the general journal.

Prepare compound journal entries.




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