I am having a serious issue with T accounts and classification. It seems very backwards, and I'm hoping someone can clear it up a bit for me. This is what I have worked so far, however I am quite certain (since my T accounts aren't coming out right) that I have a few errors. The question: For each transaction that follows, indicate which account is debited and which account is credited. May 2 Leon Bear started a computer programming business, Bears Programming Service, Inc., by investing $5,000 in exchange for common stock. Credited: Common Stock Debited: Cash 5 Purchased a computer for $2,500 in cash. Credited: Cash Debited: Equipment 7 Purchased supplies on credit for $300. Credited: Accounts Payable Debited: Supplies 19 Received cash for programming services performed, $500. Credited: Programming Revenue Debited: Cash 22 Received cash for programming services to be performed, $600. Credited: Unearned Programming Revenue Debited: Accounts Receivable 25 Paid the rent for May, $650. Credited: Cash Debited: Rent 31 Billed a customer for programming services performed, $250. Credited: Programming Revenue Debited: Accounts Receivable