Cash

Transaction Debit amount Transaction Credit amount

$(1)20,000(3)7,500$

$(7)6,900(5)2,600$

$(9)4,700(6)5,500$

$(8)2,000$

Common Stock

Transaction Debit amount Transaction Credit amount

$(1)20,000$

Accounts Receivable

Transaction Debit amount Transaction Credit amount

$(4)4,900(9)4,700$

Dividends

Transaction Debit amount Transaction Credit amount

$(8)2,000$

Supplies

Transaction Debit amount Transaction Credit amount

$(3)7,500$

Fees Earned

Transaction Debit amount Transaction Credit amount

$(4)4,900$

$(7)6,900$

Equipment

Transaction Debit amount Transaction Credit amount

$(2)4,500$

Operating Expenses

Transaction Debit amount Transaction Credit amount

$(6)5,500$

Accounts Payable

Transaction Debit amount Transaction Credit amount

$(5)2,600(2)4,500$

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

$(1)$

$(2)$

$(3)$

$(4)$

$(5)$

$(6)$

$(7)$

$(8)$

$(9)$