Orlando Catana changes out the power panel. Reason was because DCHA Section 8 inspector said that we did not have a main disconnect switch.
Interesting, since there was a lot of drama from the tenant who did not want to cooperate. Orlando had to return a couple of times.
Read Orlando's Yelp review.
Asset = Liability + Shareholders' Equity
On my ledger, the journal entry was
1) ASSET ACCOUNT: Debit Accounts Payable $500
(It's Accounts Receivable for Orlando)
Then when Orlando completed the work:
It is an asset because I got service out of it.
2) LIABILITY ACCOUNT: Credit Contractor $500