Analyze the following transactions with the accounts to be impacted

Answer Choices

Choose $]$

Debit Office supplies and credit accounts payable

Debit Prepaid Rent and credit cash

Debit Cash Credit Service Revenue

Debit Utilities Expense and Credit Utilities Payable

Debit Dividends and credit cash

Debit Accounts Receivable and Credit Service Revenue

Debit Cash and Credit Unearned Service Revenue

Debit Furniture and Credit Common Stock

Debit Salaries Expense, Debit Rent Expense, and Credit Cash

Debit Building and Credit Notes Payable

Debit Cash and Credit Accounts Receivable

Debit Cash Credit Common Stock

Debit Salaries expense and credit cash

Debit Accounts Payable and Credit Cash

Group of Questions

On April $1,2018,$ an information technology $($IT$)$ consulting company, received $$650,000$ cash for common stock

$[$ Choose $]$

Purchased $$1,250$ of office supplies on account on April $5.$

$[$ Choose $]$

On April $6,$ provided IT consulting services for a client and collected $$12,000$ cash.

$[$ Choose $]$

Provided IT consulting services of $$14,000$ for clients on April $7.$ The clients will pay in the future.

$[$ Choose $]$

Paid cash expenses on April $10$: salaries of $$8,000$ and office rent of $$5,000.$

$[$ Choose $]$

On April $12,$ Paid $$750$ on accounts payable

$[$ Choose $]$

Collected $$3,000$ cash on April $14$ from a client

$[$ Choose $]$

On April $16,$ paid $$2,500$ for dividends.

$[$ Choose $]$

On April $18,$ prepaid office rent of $$15,000$ for the months of May, June and July.

$[$ Choose $]$

Paid $$8,000$ salaries to employees on April $20.$

$[$ Choose $]$

Purchased a building for $$520,000$ on April $25.$ A note payable was issued for the entire amount.

$[$ Choose $]$

On April $26,$ received a contribution of furniture with a fair market value of $$25,000$ in exchange for common stock

$[$ Choose $]$

Received a cell phone bill for $$1,100$ on April $28,$ and will pay this amount in May.

$[$ Choose $]$

On April $30,$ client pays $$22,000$ in advance for consulting services to be performed during May and June.