5. Business is thriving. A customer purchases 50 widgets at $15 a unit and pays cash A. Which accounts do you use? Cash, sales revenue (From Chart of Accounts) B. How is each account classified cash=asset, sales revenue-revenue (ALORE) C. How do you increase each account? Cash=debit, sales revenue=credit (Debit or Credit) D. Write the journal entry. ho D. Debit Credit Account Names Cash To Record the sale of 50 widgets @ $15/widget 7. It is time to pay your assistant who earns $500 per week. You pay Cash. A. Which accounts do you use? (From Chart of Accounts) B. How is each account classified (ALORE C. How do you increase each account? (Debit or Credit) D. Write the journal entry. D. Account Names Debit Credit To Record payroll week ending 9/30/20 Owners' Equity Account Common Stock Retained earnings Chart of Accounts Asset Accounts Cash Accounts Receivable Inventory Supplies Prepaid Rent Expense Asset-Computer Asset-Furniture Asset-Vehicle Accumulated Depreciation- Liability Accounts Accounts Payable Notes Payable Interest Payable Salaries Payable Unearned Revenue ho Revenue Accounts Service Revenue Sales Revenue Expense Accounts Depreciation Expense Insurance Expense Interest Expense Office Supplies Expense Rent Expense Salary Expense Utility Expense