Buying assets using cash or buying on account. Debit: Supplies or Prepaid Insurance

Extend Sales (Credit) and all Expenses (Debit).

Verify that asset and expense accounts carry normal debit balances.

Copy the final balances from your General Ledger directly into the first two columns of the Work Sheet.

If you are using a reinforcement activity like this one in your classroom, here are some best practices to maximize its effectiveness:

List all accounts. Total debits must equal total credits.