Accounting Question??????????

Answers:0   |   LastUpdateAt:2012-07-04 17:04:02  

Asked at 2012-07-04 17:04:02
I need to know which are debits and which are credits. I actually spent over an hour on this problem and cannot seem to balance a trial balance.


The following is a list of accounts and their balances for Lee Company on December 31 1993:

Cash $ 500. Y. Lee, Withdrawals $ 300.
Notes Payable 800. Fees Revenue 4,000.
Prepaid Insurance 200. Rent Expense 400.
Office Equipment. 3,800. Salary Expense 700.
Y. Lee, Capital 1,200. Utility Expense 100.

(If I had the answer I could better understand accounting in general)

Thank You Kindly,

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