Transactions for the H. J. Oslo Company for the month of June are presented next. Identify the accounts to be debited and credited for each transaction.

June 1 Issues common stock to investors in exchange for \(\$ 2,500\) cash 2 Buys equipment on account for \(\$ 900\).

3 Pays \(\$ 500\) to landlord for June rent.

12 Bills J. Kronsnoble \(\$ 300\) for welding work done.