Acct 2210 Chp 3 The Double-Entry Accounting System (including Debit & Credit Notation) McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies,
Event 1: Collins Consultants was established on January 1, 2005, when it acquired $15,000 cash from Collins. 1.Increase assets (cash). 2.Increase equity.
