Glenda Hohn recently started a day-care center. She uses the following accounts.

In your working papers or on a separate sheet of paper, for each transaction: Determine which accounts are affected. Classify each account. Determine whether the accounts are being increased or decreased. Indicate which account is debited and which account is credited. 

1. Bought a passenger van for cash.

2. Paid the telephone bill for the month.

3. Received cash from customers for day-care services.

Transcribed Image Text:

General Ledger Cash in Bank Glenda Hohn, Capital Accts. Rec.-Tiny Tots Nursery Glenda Hohn, Withdrawals Office Furniture Day-Care Fees Utilities Expense Passenger Van Accts. Pay.-Acme Bus Service Van Expense