Identify accounts to be debited and credited.

(LO 1)

Transactions for the Tage Oslo Company for the month of June are presented below. Identify the accounts to be debited and credited for each transaction.June1Tage Oslo invests $5,000 cash in a small welding business of which he is the sole proprietor.2Purchases equipment on account for $2,400.3$800 cash is paid to landlord for June rent.12Sends a bill to J. Kronsnoble for $300 for welding work performed on account.

BE2-3.Journalize transactions.

(LO 2)

Using the data inBE2-2, journalize the transactions. (You may omit explanations.)