For each transaction below, tell which account is debited and which account is credited. May 2 Han
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For each transaction below, tell which account is debited and which account is credited.
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May 2 Han Kim started a computer programming business, Kim's Programming Service, Inc., by investing $5,000 in exchange for common stock. 5 Purchased a computer for $2,500 in cash. 7 Purchased supplies on credit for $300. 19 Received cash for programming services performed, $500. 22 Received cash for programming services to be performed, $600. 25 Paid the rent for May, $650. 31 Billed a customer for programming services performed, $250.
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