10. rurcnasea $5,2u or supplies on account. 11. Recelved $12,500 cash for services rendered. 12. Recognized $5,200 of accrued salaries expense. 13. Recognized $3,000 of rent expense. Cash had been paid in a prior transaction (see Event 4 ). 14. Recognized $5,000 of revenue for services performed. Cash had been previously collected (see Event 1 ). Required Identify each event as an asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE). Also Identify the account to be debited and the account to be credited when the transaction is recorded. The first event is recorded as an example. The following events apply to Kate Enterprises: 1. Collected $16,200 cash for services to be performed in the future. 2. Acquired $50,000 cash from the issue of common stock. 3. Paid salaries to employees: $3,500cash. 4. Paid cash to rent office spoce for the next 12 months: $12,000. 5. Paid cash of $17,500 for other operating expenses. 6. Poid on accounts payable: $1,752. 7. Paid cesh for utilites expense: $804. 8. Recognized $45,000 of service revenue on account 9. Pald a $2,500 cash dividend to the stockholders 10. Purchased $3,200 of supplies on account. 11. Received $12,500 cash for services rendered. 12. Recognized $5,200 of accrued salarles expense. 13. Recognized $3,000 of rent expense. Cash had been paid in a prior transaction (see Event 4). 14. Recognized \$5,000 of revenue for services performed. Cash had been previously collected (see Event 1). Required identry each event as an asset source (AS), asset use (AU), asset exchange (AG), or claims exchange (CE). Also identify the account to be debited and the account to be credited when the transaction is recorded. The first event is recorded as an example. Required: The following information is from the records of attorney Glenn Price. Select appropriate descriptions provided in dropdowns for the accounting event represented in each of the following general journal entries. Enter answers for transactions in the given order, Required Indicate whether each of the following accounts normally has a debit or credit balance