Identify Account that would be credited and Account that would be debited.

Example:

Event, Account Debited ,Account Credited = A, Cash, Common Stock

a. Received cash by issuing common stock. b. Received cash for services to be performed in the future. c. Provided services on account. d. Paid accounts payable. e. Paid cash in advance for one year's rent. f. Paid cash for operating expenses. g. Paid salaries payable s on account. i. Paid cash dividends to the stockholders. j. Recognized revenue for services completed; previously collected the cash in Event b. k. Received cash in payment of accounts receivable. I. Paid salaries expense m. Recognized expense for prepaid rent that had been used up by the end of the accountng period