b. c. d. e. Borrowed money from a bank Provided services on account Purchased inventory on account Collected cash from customers that owed a balance due SE2-3. Debit and Credit Effects Indicate the account that will be credited for each of the following LO transactions: a. Issued common stock for cash b. Borrowed money from a bank c. Provided services on account d. Purchased inventory on account e. Collected cash from customers that owed a balance due SE2-4. Determine a Transaction The Pearce Company recorded a transaction by debiting Accounts LO4 Receivable and crediting Sales Revenue. What event was being recorded? Determine the Cash Balance The beginning-of-the-period cash balance for the Travis Company was a $12,000 debit. Cash sales for the month were $6,000 and sales on account were $8,000. The company paid $2,500 cash for current-period purchases and also paid $3,000 cash for amounts due from last month. What is the ending debit or credit balance in the Cash account? SE2-5. LO4 SE2-6. Recording Transactions with the Accounting Equation During the year, the Decker Company expe- LO2 rienced the following accounting transactions: 1. Issued common stock in the amount of $100,000 2. Paid a $30,000 cash dividend 3. Borrowed $25,000 from a bank 4. Made a principal payment of $2,500 on an outstanding bank loan 5. Made an interest payment of $1,200 on an outstanding bank loan Using the accounting equation, record each of the transactions in columnar format using the following template: lTuia ventory on account Collected cash from customers that owed a balance due Determine a Transaction The Pearce Company recorded a transaction by debiting Accounts LC Receivable and crediting Sales Revenue. What event was being recorded? Determine the Cash Balance The beginning-of-the-period cash balance for the Travis Company was a $12,000 debit. Cash sales for the month were $6,000 and sales on account were $8,000. The company paid $2,500 cash for current-period purchases and also paid $3,000 cash for amounts due from last month. What is the ending debit or credit balance in the Cash account? L s with the Accounting Equation During the year, the Decker Company expe-L rienced the following accounting transactions: 1. Issued common stock in the amount of $100,000 2. Paid a $30,000 cash dividend 3. Borrowed $25,000 from a bank 4. Made a principal payment of $2,500 on an outstanding bank loan 5. Made an interest payment of $1,200 on an outstanding bank loan Using the accounting equation, record each of the transactions in columnar format using the following template Stockholders' Equity Liabilities + Assets = Retained Earnings Cash Notes Payable+ Common Stock Toccounts Using the data from short exercise SE2-6, prepare journal en