ACC 111:-Principles of Accounting I -Section 06 Fall 2017 Chapter 2 Homework E BusinessCourse E Menu CLICK HERE TO REVIEW LEARNING OBJECTIMES QUESTION 1 Not complete 0.50 points out of 2.00 Remove flag Debit and Credit Effects Indicate the account that will be debited for each of the following transactions a. Issued common stock for cash Common stock b. Borrowed money from a bank Cash C. Provided services on account Accounts receivable d. Purchased inventory on account Inventory e. Collected cash from customers that owed a balance due Accounts payable x Check You have correctly selected 3 Partially correct /