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apply the rules of debits and creditsRecord the FALSE 22. The critical steps to journalize a financial transaction are to identify the accounts involved Decide

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apply the rules of debits and creditsRecord the FALSE 22. The critical steps to journalize a financial transaction are to identify the accounts involved Decide if each account increases or decreases transaction as a journal entry. TRUE 23. Zubair's Professional Tax Services recorded the following journal entry on December 2, 2018. Cash 4,05 Unearned Revenue 4,05 Identify the transaction on December 2. Zubair's Professional Tax Services A) received $4,050 for services to be performed in a later period. B) paid $4,050 for services to be received at a later date. C) sold goods for $4,050 cash. D) purchased goods worth $4,050 and signed a one-year note for the same. 24. For each transaction, identify which account is debited and which account is credited. Use proper account titles (Cash, Accounts Receivable, etc). Transaction Debit Credit aid employees' salaries aid cash for a 12-month nsurance policy, with coverag starting next month Received a bill for utilities to b aid next month ithdrew cash for personal se orrowed cash from bank for iness use and signed a note urchased office supplies on ccount eceived cash from a customer o pay on their account erformed services on account Paid rent for current month Received cash for services to be performed next month 25. Following are the current month's balances for Jasjon's Buy From Me before preparing the trial balance. Accounts Payable $6,900 7,050 16,300 Revenue Cash xpenses Furniture Accounts Receivable Capital 6,000 9,050 23,700 5,925 otes Payable What amount should be shown for Expenses on JasJon's Buy From Me's trial balance? A) $23,700 C) $11,225 D) $3,275 B) $13,700

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