For the following which accounts would you either Credit or Debit?

Question 11

Recorded the $350 cost of the expired insurance. Credit:

		Cash
		Accounts receivable
		Supplies or Inventory
		Equipment
		Other asset account
		Accounts payable
		Notes payable
		Other liability account
		Capital stock
		Retained earnings
		Revenues or Sales
		Cost of sales
		Expense account (other than cost of sales)
		Dividends

Question 12

Owners invested $25,000 in cash to start the business. They received common stock. Credit:

		Cash
		Accounts receivable
		Supplies or Inventory
		Equipment
		Other asset account
		Accounts payable
		Notes payable
		Other liability account
		Capital stock
		Retained earnings
		Revenues or Sales
		Cost of sales
		Expense account (other than cost of sales)
		Dividends

Question 13

Purchased $21,000 of merchandise on account. Credit:

		Cash
		Accounts receivable
		Supplies or Inventory
		Equipment
		Other asset account
		Accounts payable
		Notes payable
		Other liability account
		Capital stock
		Retained earnings
		Revenues or Sales
		Cost of sales
		Expense account (other than cost of sales)
		Dividends

Question 14

Purchased $15,800 merchandise for cash. Debit:

		Cash
		Accounts receivable
		Supplies or Inventory
		Equipment
		Other asset account
		Accounts payable
		Notes payable
		Other liability account
		Capital stock
		Retained earnings
		Revenues or Sales
		Cost of sales
		Expense account (other than cost of sales)
		Dividends

Question 15

Paid $3,000 employee salaries in cash. Debit:

		Cash
		Accounts receivable
		Supplies or Inventory
		Equipment
		Other asset account
		Accounts payable
		Notes payable
		Other liability account
		Capital stock
		Retained earnings
		Revenues or Sales
		Cost of sales
		Expense account (other than cost of sales)
		Dividends

Question 16

Paid the owners a $4,000 cash dividend. Credit:

		Cash
		Accounts receivable
		Supplies or Inventory
		Equipment
		Other asset account
		Accounts payable
		Notes payable
		Other liability account
		Capital stock
		Retained earnings
		Revenues or Sales
		Cost of sales
		Expense account (other than cost of sales)
		Dividends

Question 17

Received and recorded a $280 electric bill. Debit:

		Cash
		Accounts receivable
		Supplies or Inventory
		Equipment
		Other asset account
		Accounts payable
		Notes payable
		Other liability account
		Capital stock
		Retained earnings
		Revenues or Sales
		Cost of sales
		Expense account (other than cost of sales)
		Dividends

Question 18

Charged $1,000 of miscellaneous expenses on the corporate credit card. Debit:

		Cash
		Accounts receivable
		Supplies or Inventory
		Equipment
		Other asset account
		Accounts payable
		Notes payable
		Other liability account
		Capital stock
		Retained earnings
		Revenues or Sales
		Cost of sales
		Expense account (other than cost of sales)
		Dividends

Question 19

Billed customers $320 for services rendered. Credit:

		Cash
		Accounts receivable
		Supplies or Inventory
		Equipment
		Other asset account
		Accounts payable
		Notes payable
		Other liability account
		Capital stock
		Retained earnings
		Revenues or Sales
		Cost of sales
		Expense account (other than cost of sales)
		Dividends

Question 20

Equipment costing $8,000 was bought on credit. Debit:

		Cash
		Accounts receivable
		Supplies or Inventory
		Equipment
		Other asset account
		Accounts payable
		Notes payable
		Other liability account
		Capital stock
		Retained earnings
		Revenues or Sales
		Cost of sales
		Expense account (other than cost of sales)
		Dividends