Avila and Curada form a partnership called "AC enterprises" which sells school supplies and other services. Indicate the accounts that should be debited or credited. If no Journal entry is required, write n/a in the columns Transactions Dehndid Both partners invested cash. 50.000 each Purchased in cer and printer equipment for business worth of 7.000 paid one-half for cash and pave te payable for the balance Sales for school Supplies collected in cash for 12.000 Billed Customer for printing rices for 2.000 Curada withdrew 2.000 for penale Expert answer A Anonymous 1. Cash Dr.....100000 Avila Capital Cr...... 50000 Curada Capital Cr.....50000 ( To record invest in business) 2. Equipment Dr....7000 Cash Cr.............3500 Note Payable Cr..... 3500 (To record purchase of equipment) 3. Cash Dr............12000 Sale Cr...............12000 ( To record sale of supplies ) 4. Account receivable Dr ....2000 Service Revenue Cr........2000. (To record services rendered) 5. Curada - withdrawal Dr......2000 Cash cr....................... ..2000 (To record cash withdraw) Activity#3: Solve for account Balances Continuing Illustration: The accounts below are the summary of transactions for AC enterprises for the week. Determine each account their respective balances and if the accounts have been increased or decreased. Cash a. 100,000/6.3,500 c. 12,000 2,000 Printer a. 7,000 Accounts Receivable d. 2,000 Notes Payable Jb. 3,500 Curada, Withdrawals e. 2.000 Sales c. 12.000