The entry must have at least 2 accounts with 1 DEBIT amount and at least 1 CREDIT amount.The DEBITS are listed first and then the CREDITS.The DEBIT amounts will always equal the CREDIT amounts.For another example, let’s look at the transaction analysis we did in the previous chapter for Metro Courier (click Transaction analysis):1. The OWNER invested $30,000 cash in the corporation. We ANALYZED this transaction by increasing both cash (an asset) and common stock (an EQUITY) for $30,000. We LEARNED you increase an asset with a DEBIT and increase an equity with a CREDIT. The journal entry would look like this: Debit CreditCash 30,000 Common Stock 30,0002. PURCHASED $5,500 of equipment with cash. We analyzed this transaction as increasing the asset Equipment and decreasing the asset Cash. To increase an asset, we debit and to decrease an asset, use credit. This journal entry would be: Debit CreditEquipment 5,500 Cash 5,5003. Purchased a new truck for $8,500 cash. We analyzed this transaction as increasing the asset Truck and decreasing the asset Cash. To increase an asset, we debit and to decrease an asset, use credit. This journal entry would be:Debit CreditTruck 8,500 Cash 8,500