1.Purchased a company car with a deposit of 10,000 and by financing the remaining amount owed of 25000

• It means we will debit Vehicle and credit cash and Accounts Payable or credit Cash and Note Payable?

2.Summarized and recorded the billings to customers for the first three weeks of March for consulting fees earned. Billings totaled 22000 (March 21)

On March 28, received 12000 from customers in partial settlement of accounts billed on the 21^st.

• It means on 28, we will debit Cash and credit Consulting Fees Earned or credit Accounts Receivable?

Thank you