Homework Help (thx in adv.)

[Callmegambit]

Economics HomeWork Question?!?!?
ok im doin this thing n i have to Record these transactions into the general journal so they can b transferred to the general ledger and from there to the TB. the only thin is that i dont get the followin:

ere's the first acounting transaction that the biz does:

STEWward leeward started his biz bi depositing 30,000 in the ban n brought a van valued at 20,000 into the biz.

So, the accountz i db wud be ...
Bank, motor vechicles accoun.

But, what are the two accounts that I credit in this case??? I mean... really, i got nuttin.

also, this odder transacton:

cash sales banked 2,345.

all i did wuz debit the bank account. wrong, obviously, all transactions must be debited n credited in 2 sepurate accounts, right????

sum1 elp me PLZ!!!

 

[bsiamc]

please post complete details.purchases etc .Otherwise your TB won't make much sense. Add or credit sales to bank account. M/vehicle value remains same.so you'll have capital of 30,000 which will be on equity or credit side of TB and van value and bank cash to asset