1 For the transaction below, indicate which account would be debited and which account would be credited Problem 2 2 Borrowed money from the bank Debit Select Cash , Accounts Receivable , Inventory , Supplies , Computer , Accounts Payable , Notes Payable , Sales Revenue , Cost of Goods Sold , Wages Credit Select Cash , Accounts Receivable , Inventory , Supplies , Computer , Accounts Payable , Notes Payable , Sales Revenue , Cost of Goods Sold , Wages 2 For the transaction below, indicate which account would be debited and which account would be credited Problem 2 3 Purchased inventory on credit Debit Select Cash , Accounts Receivable , Inventory , Supplies , Computer , Accounts Payable , Notes Payable , Sales Revenue , Cost of Goods Sold , Wages Credit Select Cash , Accounts Receivable , Inventory , Supplies , Computer , Accounts Payable , Notes Payable , Sales Revenue , Cost of Goods Sold , Wages 3 For the transaction below, indicate which account would be debited and which account would be credited Problem 2 4 Signed a note for a computer purchase Debit Select Cash , Accounts Receivable , Inventory , Supplies , Computer , Accounts Payable , Notes Payable , Sales Revenue , Cost of Goods Sold , Wages Credit Select Cash , Accounts Receivable , Inventory , Supplies , Computer , Accounts Payable , Notes Payable , Sales Revenue , Cost of Goods Sold , Wages 4 For the transaction below, indicate which account would be debited and which account would be credited Problem 2 5 Sold inventory on account Debit Select Cash , Accounts Receivable , Inventory , Supplies , Computer , Accounts Payable , Notes Payable , Sales Revenue , Cost of Goods Sold , Wages Credit Select Cash , Accounts Receivable , Inventory , Supplies , Computer , Accounts Payable , Notes Payable , Sales Revenue , Cost of Goods Sold , Wages

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1. For the transaction below, indicate which account would be debited and which account would be credited. Problem 2.2 Borrowed money from the bank. Debit:

For the transaction below, indicate which account would be debited and which account would be credited.

Problem 2.2

Borrowed money from the bank.

Debit: [ Select ] ["Cash", "Accounts Receivable", "Inventory", "Supplies", "Computer", "Accounts Payable", "Notes Payable", "Sales Revenue", "Cost of Goods Sold", "Wages"]

Credit: [ Select ] ["Cash", "Accounts Receivable", "Inventory", "Supplies", "Computer", "Accounts Payable", "Notes Payable", "Sales Revenue", "Cost of Goods Sold", "Wages"]

For the transaction below, indicate which account would be debited and which account would be credited.

Problem 2.3

Purchased inventory on credit.

Debit: [ Select ] ["Cash", "Accounts Receivable", "Inventory", "Supplies", "Computer", "Accounts Payable", "Notes Payable", "Sales Revenue", "Cost of Goods Sold", "Wages"]

Credit: [ Select ] ["Cash", "Accounts Receivable", "Inventory", "Supplies", "Computer", "Accounts Payable", "Notes Payable", "Sales Revenue", "Cost of Goods Sold", "Wages"]

For the transaction below, indicate which account would be debited and which account would be credited.

Problem 2.4

Signed a note for a computer purchase.

Debit: [ Select ] ["Cash", "Accounts Receivable", "Inventory", "Supplies", "Computer", "Accounts Payable", "Notes Payable", "Sales Revenue", "Cost of Goods Sold", "Wages"]

Credit: [ Select ] ["Cash", "Accounts Receivable", "Inventory", "Supplies", "Computer", "Accounts Payable", "Notes Payable", "Sales Revenue", "Cost of Goods Sold", "Wages"]

For the transaction below, indicate which account would be debited and which account would be credited.

Problem 2.5

Sold inventory on account

Debit: [ Select ] ["Cash", "Accounts Receivable", "Inventory", "Supplies", "Computer", "Accounts Payable", "Notes Payable", "Sales Revenue", "Cost of Goods Sold", "Wages"]

Credit: [ Select ] ["Cash", "Accounts Receivable", "Inventory", "Supplies", "Computer", "Accounts Payable", "Notes Payable", "Sales Revenue", "Cost of Goods Sold", "Wages"]