Analyzing transactions. Selected accounts from the general ledger of the Ray Shipping Service follow. Analyze the following transactions and indicate by number what accounts should be debited and credited for each transaction. 101 Cash 111 Accounts Receivable 121 Supplies 131 Equipment 202 Accounts Payable 301 Richelle Ray, Capital 401 Fees Income 511 Rent Expense 514 Salaries Expense 517 Utilities Expense TRANSACTIONS 1. Gave a cash refund of $750 to a customer because of a lost package. (The customer had previ- ously paid in cash.) 2. Sent a check for $1,050 to the utility company to pay the monthly bill. 3. Provided services for $7,800 on credit. 4. Purchased new equipment for $4,600 and paid for it immediately by check. 5. Issued a check for $3,500 to pay a creditor on account 6. Performed services for $15,250 in cash. 7. Collected $6,250 from credit customers. 8. The owner made an additional investment of $25,000 in cash. 9. Purchased supplies for $3,250 on credit. 10. Issued a check for $3,750 to pay the monthly rent. Recording transactions in the general journal. Selected accounts from the general ledger of Mason Consulting Services follow. Record the general journal entries that would be made to record the following transactions. Be sure to include dates and descriptions in these entries. 101 Cash 111 Accounts Receivable 121 Supplies 131 Equipment 141 Automobile 202 Accounts Payable 301 Zack Mason, Capital 302 Zack Mason, Drawing 401 Fees Income 511 Rent Expense 514 Salaries Expense 517 Telephone Expense 106 CHAPTER 4 The General Journal and the General Ledger DATE TRANSACTIONS Sept. 2019 1 4 Zack Mason invested $30,000 in cash to start the firm. Purchased office equipment for $3,250 on credit from Den, Inc., received Invoice 9823, payable in 30 days. Purchased an automobile that will be used to visit clients, issued Check 1001 for $15,000 in full payment Purchased supplies for $260; paid immediately with Check 1002 Returned damaged supplies for a cash refund of $85. Issued Check 1003 for $2.100 to Den, Inc., as payment on account for Invoice 9823 Withdrew $1,500 in cash for personal expenses. Issued Check 1004 for $3,500 to pay the rent for October. Performed services for $7,325 in cash. Paid $220 for monthly telephone bill, Check 1005