Even though the owner paid it, the business still had the expense and it owes the owner for paying it. Another Question Go to Table of Contents 2a. Expenses get a debit. Another Question Go to Table of Contents 2b. This is an expense.
Expenses get a debit.
Another Question Go to Table of Contents 3a. The business now has more cash. Another Question Go to Table of Contents 3b. The business acquired more cash. Another Question Go to Table of Contents 4a.