For each event below indicate what accounts should be debited and credited in the space provided. Consider that "Assets" is not an account.

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Module 4 Homework 1?. For each event below indicate what account(s) should be debited and credited in the space provided. Consider that "Assets" is not an account. It is a classification, as are Liabilities and Owners Equity. You must specify which Account is debited or credited. Forreference, these are the same transactions that appeared in homework problem #8 of this Module Account (s) Debited Account s) Credited Event a. Paul, the owner placed $1,200 cash in the company checking account from his own personal account. b. Paul convinces his brother to loan the business $2,000 and required Paul to sign a note. The principal of the note is $2,000 at a 5.85% rate for one year. Payments are $172.00 a month c. Paul performed consulting services for a client on open account in the amount of $265 Purchased a new computer $1,455 with $200 cash and signed a note for the difference e. Purchased $210 of supplies on open account. Hired a new employee. Will be paid $500 per week g. Performed services of $400 for a client who was short of cash and they had to sign a note. The note is a 2 month note with the $400 as principal and includes an interest charge of 8% APR The customer in C above paid $165 on account. T Returned $30 of the supplies purchased in e. above to the supplier j. The owner drew $20 cash out of the business to go buy some pizza with Received a $175 bill for the current month's gas service. It is not due for 20 days I. The employee had worked one week earning $500 was fired and paid on the last day of the pa eriod m. Paid for the remainder of the supplies purchased in e above. Remember some were returned n. Collected $400 plus interest from the note in g above. The payment received consisted of principal and interest and was collected all in one payment Round your interest amount to the nearest whole dollar. o. Made the first $172 monthly payment on the note in b. above. The monthly payment consists of principal and interest. Round your interest amount up to a whole dollar amount p. Paul performs consulting services and is paid in cash, $300 q. Paul notes that $120 of the supplies have been used Module Homework 4-6