Hi! Could you please show what is debited and what is credited and to who? I am struggling.

For example: $5000 Debited to assets, credit $1000 cash from assets, credit $4000 as Note payable under liability. Ect. (I hope I did that right)

THANK YOU IN ADVANCE! :)

Use the following information to answer questions 39 - 41:

During January 2015, the first month of operations, a consulting firm had following transactions: Issued common stock to owners in exchange for $20,000 cash.

1. Purchased $5,000 of equipment, paying $1,000 cash and signing a promissory note for $4,000.

2. Received $9,000 in cash for consulting services performed in January.

3. Purchased $1,500 of supplies on account; all of the supplies were used in January.

4. Provided consulting services on account in the amount of $16,000.

5. Paid $750 on account.

6. Paid $3,000 to employees for work performed during January.

7. Received a bill for utilities for January of $3,400; the bill remains unpaid.

39. Use the information above to answer the following question. What is the amount of total revenue to be reported on the income statement for the month of January?

A) $45,000. B) $9,000. C) $29,000. D) $25,000.

40. Use the that will be information above to answer the following question. What is subtotal of expenses reported on the income statement for the month ended January 31?

A) $3,750. B) $7,900. C) $8,150. D) $4,500. 41. Use the information above to answer the following question. What is the amount to be reported as total liabilities on the balance sheet at the end of January?

A) $4,750. B) $4,150. C) $8,150. D) $8,500.