The following list includes a series of accounts for Heiss Corporation, which has been operating for three years. These accounts are listed and numbered for identification, and followed by a series of transactions. For each transaction, indicate the account(s) that should be debited and credited by entering the appropriate account number(s) to the right of each transaction. If no journal entry is needed, use number 16. The first transaction is used as an example.

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Account No. Account Title - Account No. 12345678 Cash 9 Trade receivables 10 Supplies inventory on hand 11 Account Title Wages payable Income taxes payable Share capital Prepayments 12 Retained earnings Equipment 13 Service revenue Patents Trade payables Short-term borrowings 14 Operating expenses 15 Income tax expense 16 None of the above Transactions Debit Credit "5 1,8 a. Example: Purchased equipment for use in the business; paid one- third cash and signed a short-term note payable for the balance. Issued shares to new investors. b. C. Paid cash for salaries and wages earned this period. d. Collected cash for services performed this period. e. Collected cash on trade receivables for services previously performed. f. g. h. i. j. k. 1. Performed services this period on credit. Paid operating expenses incurred this period. Paid cash on trade payables for expenses previously incurred. Incurred operating expenses this period to be paid next period. Purchased supplies inventory to be used later; paid cash. Used some of the supplies inventory for operations. Purchased a patent (an intangible asset); paid cash. m. Made a payment on the equipment note in (a); the payment was part principal and part interest expense. n. Paid three-fourths of the income tax expense for the year; the balance will be paid next year. o. On the last day of the current period, paid cash for an insurance policy covering the next year.