 Hello, in this presentation, we will be recording business transactions related to accounts payable or the purchases cycle recording these transactions with debits and credits. At the end of this, we will be able to list transactions involving accounts payable, record transactions involving accounts payable using debits and credits, and explain the effect of transactions on assets, liabilities, equity, revenue, expenses, and net income. We're going to be recording these transactions up here in the left hand side in accordance with our thought process. We will then be posting these not to the general ledger but to a worksheet format so that we can see a quick calculation as to what is the impact or effect on the individual accounts as well as the effect on the account groups as a whole. Remember that all the groups for the accounts will always be listed in order when you are looking at