2. Speedy Limited secured a $48,000 business loan and this money was deposited into the company's bank account. what is debit and what is credit? how to journal?

6. A client named Pauline Windsor paid a $4,300 deposit to Speedy Limited for future work scheduled for January 2024. Speedy Limited recorded this deposit as a liability. what is debit? what is credit?

Speedy Limited completed a $9,500 repair job for a customer named Laura Kent and granted her credit for the whole job, as she has not paid yet. what is debit and what is credit>

A company sells merchandise to a customer on credit. The journal entry to record this transaction would include a debit to the Accounts account.

The landlord waived the first month's rent in December 2023, but asked the rent for January and February 2024 totalling $13,000 to be paid in advance. Speedy Limited paid the $13,000 in cash to the landlord and recorded it as a prepayment. what is debit ? and what is credit ? how to journal?

The business has a loan of $50,000 and makes interest-only repayments of 1% interest per month. It is the end of the month and they are making their $500 interest payment. Select the flows and accounts that the business would use to record this transaction.