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Cash Transaction Debit amount Transaction Credit amount ( 1 ) 2 0 , 0 0 0 ( 3 ) 7 , 5 0 0 (
Cash
Transaction Debit amount Transaction Credit amount
Common Stock
Transaction Debit amount Transaction Credit amount
Accounts Receivable
Transaction Debit amount Transaction Credit amount
Dividends
Transaction Debit amount Transaction Credit amount
Supplies
Transaction Debit amount Transaction Credit amount
Fees Earned
Transaction Debit amount Transaction Credit amount
Equipment
Transaction Debit amount Transaction Credit amount
Operating Expenses
Transaction Debit amount Transaction Credit amount
Accounts Payable
Transaction Debit amount Transaction Credit amount
Indicate the following for each debit and credit:
a The type of account affected asset liability, equity, dividends, revenue, or expense
b The effect on the account, using for increase and for decrease.
Present your answers in the following format:
Transaction Account
Debited
Type Account
Debited
Effect Account
Credited
Type Account
Credited
Effect
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