Exercise 1 Use debits and credits to analyze subsequent transactions and indicate which accounts are affected and where they increase One security company bought office supplies in cash for $1,000 The security company bought a safe on credit for $2,000 The owner of the security company invested $25,000 in cash During the security company's first month of operations, $11,000 in salary was paid to security guards One customer paid $26,000 in cash for a security service During the first month, $400 was paid for electric light service Exercise 2 It answers the following premises Explain in your own words the concept of debit in accounting Explain in your own words the concept of credit in accounting Explain in your own words the difference between ledger and account Exercise 3 Analyze the following transactions and prepare a list of the accounts that are affected Organize them as they should appear in the chart of accounts and indicate the number that corresponds to each account Febrero 1 $18,000 in cash was invested to start the business 3 A vehicle was purchased for the business for $19,000 on credit 3 Office supplies were purchased for $800 in cash 4 Rent for the current month's business premises was paid for $2,000 5 A service was performed to a client (fee earned) in the amount of $ 5,000 10 A computer was purchased for $1,500 15 Salary was paid to employees of $3,800 16 A customer service was performed on credit for $2,500 18 A payment was made for the vehicle purchased on credit on February 3 for $450 Exercise 4 Make a table in MS Excel to record the following transactions in the general journal using the rules of the double entry system Febrero 2 $35,000 worth of heavy equipment was purchased 3 $150 worth of gas was paid for heavy equipment 4 Excavation work was done for $2,000 6 Building materials were purchased for $3,000 9 Advertising expenses were paid for $500 11 A withdrawal for personal use in the amount of $700 was made 12 Employees were paid $5,800 in wages Exercise 5 Indicates the normal balance of the following accounts Rent expense) Accounts receivable Joe Doe, withdrawal Cash Notes payable Equipment Salary expense Salary payable Revenue Car

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Exercise 1 Use debits and credits to analyze subsequent transactions and indicate which accounts are affected and where they increase. One security company bought office

Exercise 1 Use debits and credits to analyze subsequent transactions and indicate which accounts are affected and where they increase. One security company bought office supplies in cash for $1,000. The security company bought a safe on credit for $2,000. The owner of the security company invested $25,000 in cash. During the security company's first month of operations, $11,000 in salary was paid to security guards.

One customer paid $26,000 in cash for a security service. During the first month, $400 was paid for electric light service.

Exercise 2 It answers the following premises: Explain in your own words the concept of debit in accounting. Explain in your own words the concept of credit in accounting. Explain in your own words the difference between ledger and account.

Exercise 3 Analyze the following transactions and prepare a list of the accounts that are affected. Organize them as they should appear in the chart of accounts and indicate the number that corresponds to each account.

Febrero 1	$18,000 in cash was invested to start the business.
3	A vehicle was purchased for the business for $19,000 on credit.
3	Office supplies were purchased for $800 in cash.
4	Rent for the current month's business premises was paid for $2,000.
5	A service was performed to a client (fee earned) in the amount of $ 5,000.
10	A computer was purchased for $1,500.
15	Salary was paid to employees of $3,800.
16	A customer service was performed on credit for $2,500.
18	A payment was made for the vehicle purchased on credit on February 3 for $450.

Exercise 4 Make a table in MS Excel to record the following transactions in the general journal using the rules of the double-entry system.

Febrero 2	$35,000 worth of heavy equipment was purchased.
3	$150 worth of gas was paid for heavy equipment.
4	Excavation work was done for $2,000.
6	Building materials were purchased for $3,000.
9	Advertising expenses were paid for $500.
11	A withdrawal for personal use in the amount of $700 was made.
12	Employees were paid $5,800 in wages.

Exercise 5 Indicates the normal balance of the following accounts: Rent expense) Accounts receivable Joe Doe, withdrawal Cash Notes payable Equipment Salary expense. Salary payable Revenue Car