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A chart of accounts is below. Following is a series of transactions. Indicate for each transaction the accounts that should be debited and credited by
A chart of accounts is below. Following is a series of transactions. Indicate for each transaction the accounts that should be debited and credited by inserting the proper account number in the space provided. 111 Cash 411 Deliver lees Earned 112 Accounts Receivable 511 Salaries Expense 121 Delivery Equipment 512 Rent Expense 211 Accounts Payable 513 Advertising Expense 311 M. Tharp, Capital 514 Gas Expense 312 M. Tharp, Withdrawals Paragraph UA lili + ... TRANSACTION DEBIT CREDIT a) Tharp invested cash in the business. b) Received cash for delivery services performed c) Billed a customer for services performed. TRANSACTION DEBIT CREDIT a) Tharp invested cash in the business. I b) Received cash for delivery services performed c) Billed a customer for services performed. d) Paid accounts payable. e) Tharp withdrew cash for personal use. f) Purchased delivery equipment on account. 8) Performed services on account. h) Received cash from transaction 8. i) Paid rent expense for the month k) Advertising bill was received but not yet paid
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