CHAPTERS 1 AND 2 -- Page 6 Number(s) of account (s) debited Number(s) of account (s) credited 1. Tom Fast invests $90,000 cash to start the business. Purchased three photocopy machines for $200,000, paying. $50,000 cash and signing a 5-year, 104 note for the remainder. 3. Purchased $5,000 paper supplies on credit 4. Cash photocopy revenue amounted to $7,000. 5. Paid $500 cash for radio advertising. 6. Paid $800 on account for paper supplies purchased in trans- action 3. 7. Owner withdrew $1,500 from the business for personal expenses. 8. Paid $1,200 cash for rent for the current month. 9. Received $2,000 cash advance from a customer for future copying 10. Billed a customer for $450 for photocopy work done