T-Account Playground

Master double-entry bookkeeping

Foundation Module

Lesson 2 of 4

Learning Objective

Learn how T-accounts work and practice recording transactions using double-entry bookkeeping.

Every transaction affects at least two accounts. For each transaction, identify which accounts should be debited and credited.

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Transaction 1 of 5

Sarah invests $50,000 cash into the bakery

Debit Account

Credit Account

Amount ($)

T-Accounts

Cash

(Asset - Normal: debit)

Debit

Credit

Balance: $0

Equipment

(Asset - Normal: debit)

Debit

Credit

Balance: $0

Inventory

(Asset - Normal: debit)

Debit

Credit

Balance: $0

Owner's Equity

(Equity - Normal: credit)

Debit

Credit

Balance: $0

Bank Loan

(Liability - Normal: credit)

Debit

Credit

Balance: $0

Sales Revenue

(Income - Normal: credit)

Debit

Credit

Balance: $0