for each transaction , determine whether the acccount ament in parentheses is to be debited or credited

Paid rent in advance( prepaid Expenses) 1200

Bought merchandise on open account ( accounts payable) 5000

Borrowed money from first nationaal Bank ( notes Payable) 12000

Sold merchadise ( merchandise inventory ) 1000

Paid O Brian Associates , 3000 owed them ( Accounts payable)

Paid dividends ( cash) 500

Delivered merchandise to customers ( merchandise Inventory) 3000

Received cash from customers on accounts due ( Accounts receivable ,2000)