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So let's discuss chapters 1 through 4. So  before we dive into the problems that we'll   be working on let's first just talk about normal  balances. Right so normal balances are how in   account increases. So we need to remember that  assets drawings and expenses all increase with   a debit and liabilities owners capital and revenue  accounts all increase with a credit. And then to   make it one of those accounts decrease we do the  opposite of its normal balance. So we need to   know these normal balances for when we come up  with journal entries for when we prepare trial   balances so that little piece is going to be  so important throughout all of accounting. So   we have our first question here. It says Emily  Valley is a licensed dentist. During the first   month of operation of her business the following  events and transactions occurred. We will need   to journalize each transaction then post all of  those entries into T-accounts and then prepare  

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