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Chart of accounts Using the chart of accounts below, indicate for each transaction the accounts that should be debited and credited by inserting the proper

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Using the chart of accounts below, indicate for each transaction the accounts that should be debited and credited by inserting the proper account number in the space provided. (Two points per item) 111 Cash 112 Accounts Receivable 121 Delivery Equipment 211 Accounts Payable 311 C. Wilkinson, Capital 312 C. Wilkinson, Withdrawals 411 Delivery Fees Earned 511 Salaries Expense 512 Rent Expense 513 Advertising Expense Debit Credit 1. 2. 3. 4. 5. 6. Transaction Invested cash in the business. Received cash for delivery services performed. Billed a customer for services performed. Paid accounts payable. Collected accounts receivable. Withdrew cash for personal use. Paid advertising expense. Paid rent expense for the month. Purchased delivery equipment on account. Paid salaries for the week. 7. 8. 9. 10

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