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8# an IOU, agreeing to pay Duu A. debit notes payable, credit cash B. debit notes receivable, credit cash C. debit accounts receivable, credit notes

8# image text in transcribed
an IOU, agreeing to pay Duu A. debit notes payable, credit cash B. debit notes receivable, credit cash C. debit accounts receivable, credit notes payable D. debit cash, credit accounts receivable E. debit cash, credit notes payable 7) Your firm receives a $200 utility bill from the local electri Adebit utility expense, credit accounts payable hB debit accounts receivable, credit utility expense &, debit cash, credit revenue P. debit revenue, credit utility expense E, debit accounts payable, credit utility expense 8) Your firm issues a $1,000 dividend. A. debit common stock, credit cash bk B. debit dividends, credit accounts receivable C. debit dividends, credit common stock D. debit common stock, credit cash E. debit dividends, credit cash

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