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Exercise 1 Use the debits and credits to analyze the following transactions in a jornal (journal) A security company purchased office supplies for $1,000 in

Exercise 1 Use the debits and credits to analyze the following transactions in a jornal (journal)

A security company purchased office supplies for $1,000 in cash.

The security company bought a safe for $2,000 on credit.

The owner of the security company invested $25,000 in cash.

During the security company's first month of operations, security guards were paid $11,000 in salary.

A client paid $26,000 in cash for a security service.

During the first month, $400 was paid for electricity service.

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