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Identify the account to be debited and the account to be credited for each of the following transactions: Purchased equipment for cash and a note
Identify the account to be debited and the account to be credited for each of the following transactions:
- Purchased equipment for cash and a note payable.
- Accepted a cash deposit from a customer for a service to be provided next month
- provided services on account
- purchased supplies on accounts
- received payment from the client in 3
- provided services to customer in 2 and collected cash for the remaining work done
- owner paid himself
- pain in full for the equipment purchased in 1
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