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help please QUESTION 3 7 points Sav For each of the following transactions for the Brazos Co., mark the account that is Note: debited with
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QUESTION 3 7 points Sav For each of the following transactions for the Brazos Co., mark the account that is Note: debited with a D and the account that is credited with a C a. Brazos provides a service to a customer, with the customer paying cash when the service is completed. Cash Service revenue b. Brazos purchases inventory for cash. Cash Inventory c. Brazos purchases an insurance policy on June 24. The policy covers July 1 through September 30. Cash Prepaid insurance d. Brazos purchases equipment, receiving it on October 15. The company signs a note allowing payment in three installments, with the first installment taking place on November 15. Equipment Note payable e. Brazos sells 600 units of inventory. The price per unit is $6, and the cost per unit is $3.50. For the revenue portion of the transaction: Cash Sales revenue f. Brazos sells 600 units of inventory. The price per unit is $6, and the cost per unit is $3.50. For the expense portion of the transaction: Inventory Cost of goods sold g. Employees at Brazos earn $700 in wages during April. The employees are paid in cash on the April 30. Cash Wage expenseStep by Step Solution
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