For each of the transactions below, indicate the account to be debited or credited by placing the letterrepresenting the account in the appropriate column. Accounts receivableа. Ассоunts Payable8. Сарitalj. suppliesCashe. Rent Expenseh. NotesPayableDrawingf. Salaries Expensei. EquipmentTRANSACTIONSDEBITCEDIT1.Investment of the Owner2. Received cash for services rendered3.Purchased equipment4. Bought supplies on credit.5. Paid rent6.Paid on account.7. Withdrew cash from the business.8.Paid salaries9.Issued a note.

Investment of the owner - g Received cash for service rendered - Accounts receivable Purchased…

Answered: For each of the transactions below,…

Business

Accounting

For each of the transactions below, indicate the account to be debited or credited by

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter1: Asset, Liability, Owner’s Equity, Revenue, And Expense Accounts

Section: Chapter Questions

Problem 5QY: M. Parish purchased supplies on credit. What is the impact on the accounting equation? a. Increase...

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Question

For each of the transactions below, indicate the account to be debited or credited by placing the letter representing the account in the appropriate column.

Accounts receivable
а. Ассоunts Payable
8. Сарital
j. supplies
Cash
e. Rent Expense
h. Notes
Payable
Drawing
f. Salaries Expense
i. Equipment
TRANSACTIONS
DEBIT
CEDIT
1.
Investment of the Owner
2. Received cash for services rendered
3.
Purchased equipment
4. Bought supplies on credit.
5. Paid rent
6.
Paid on account.
7. Withdrew cash from the business.
8.
Paid salaries
9.
Issued a note.

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