1. State the account to be debited and the account to be credited for the following transactions. Choose from the following list of accounts: Cash, Accounts Receivable, Supplies, Equipment, Land, Accounts Payable, Note Payable, Capital, Withdrawals, Service Revenue, Utilities Expense, and Salaries Expense. (Hint: Not all accounts will be used.)

	Debit	Credit
Owner invests cash into the business.
Purchased supplies for cash.
Performed services for cash.
Purchased equipment by issuing a note payable.