For each of the following transactions, indicate whether the account in parenthe¬

ses should be debited or credited, and give the reason for your answer, LO5 a Purchased a typewriter on credit, promising to make payment in full within 30 days. (Accounts Payable)

b Purchased land for cash. (Cash) Xut c Sold an old, unneeded typewriter on 30-day credit. (Office Equipment) Vi, d Obtained a loan of $5,000 from a bank. (Cash) ~WV"''

e James Brown began the business of Brown Sporting Goods Shop by depositing

$20,000 cash in a bank account in the name of the business. (James Brown, Capital)