Acccounting question part 2?

6. Automobile was purchased 2 yrs ago for $9,000 by CEO but is not used in business. License plate reads the name of the business.
(I did not record this on my balance sheet as it is a personal expense)

7. Accounts Payable include business debts of 3900. (I debited 3900 in A/P)

8. Salaries payable include 25000 offered to a lead role in new play opening in December (balance sheet is dated Sept 30). Co still owed 4200 to stagehands for work done through Sept. (I recorded the 4200 as a debit)

9. CEO invested 20000 when founded company 2 years ago. The business was offered 50,000 so the CEO listed this amt as an equity in the balance sheet. (I only listed the 20,000 as an equity in the balance sheet)

What am I doing wrong between Accounting question 1 & 2 that explains why I am not balanced?

7 is a credit, not a debit. Liablities increase with credits, while assets increase with debit.

8 is a credit

I haven't read part 1 to see what else might be an issue.

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　　Capital Investment 　　Business Investment 　　Business financing 　　Business Invest 　　Business Debt 　　Bond Investment 　　Angel Funds 　　Alternative Investment

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