Debit & Credit Money Manager 2 6 3

A collateralized debt obligation (CDO) is a type of structured asset-backed security (ABS). Originally developed as instruments for the corporate debt markets, after 2002 CDOs became vehicles for refinancing mortgage-backed securities (MBS). Like other private label securities backed by assets, a CDO can be thought of as a promise to pay investors in a prescribed.

1. Send Money To Debit Card
2. Money Debit Card
3. Put Money On Debit Card

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Step 1: Pick ONE account that is affected by this transaction

Step 2: Is this account you picked in Step 1 INCREASING or DECREASING?

Step 3: What type of account is this? http://jtjpfwl.xtgem.com/Blog/__xtblog_entry/19074926-ltf-mobilerss-1-0-google-reader-rss-client#xt_blog.

CHOICES

• Assets – something that has future economic benefit – Cash, Accounts Receivable, Inventory, Prepaid Insurance, Equipment, etc.
• Liabilities – a debt owed to others – Accounts Payable, Unearned Revenue, Notes Payable, Bonds Payable, Long-term Mortgage Payable
• Equity – Common Stock, Retained Earnings
• Revenues – Sales Revenue, Service Revenue, Sales
• Expenses – Cost of Goods Sold, Salaries Expense, Insurance Expense
• Dividends – these are dividends that the company has declared and has, or will, pay to its stockholders

Step 4: Combine your answer from Step 2 and Step 3 to find whether you DEBIT or CREDIT the account you identified in Step 1

Send Money To Debit Card

Repeat Steps 1 through 4 for the OTHER account in this transaction

Money Debit Card

http://pxmlrx.xtgem.com/Blog/__xtblog_entry/19081422-copy-clip-2-9-5-clipboard-manager-salary#xt_blog. Remember:

Put Money On Debit Card

• Total debits in a journal entry (transaction) must equal the total credits in that transaction
• You need at least one debit and one credit for every journal entry
• Debits are on the left, credits are on the right