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Identify accounts to be debited and credited.Transactions for the Oleg Thorn Company for the month of June are presented below. Identify the accounts to be
Identify accounts to be debited and credited.Transactions for the Oleg Thorn Company for the month of June are presented below. Identify the accounts to be debited and credited for each transaction.June 1: Oleg Thorn invests $5,000 cash in a small welding business of which he is the sole proprietor.June 2: Purchases equipment on account for $3,600.June 3: $800 cash is paid to landlord for June rent.June 12: Sends a bill to K. Johnsen for $400 after completing welding work done on account.
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