identity accounts to be debited and credited. BE2.2 (LO ;) Transactions for the Sheldon Cooper Company, which provides welding services, for the month of June are presented below. Identify the accounts to be debited and credited for each transaction. June 1 Sheldon Cooper invests $4,000 cash in exchange for shares of common stock in a small welding business. 2 Purchases equipment on account for $1,200. 3 $800 cash is paid to landlord for June rent. 12 Bills P. Leonard $300 after completing welding work done on account. Journaiize transactions. BE2.3 (LO 2) Using the data in BE2.2, journalize the transactions. (You may omit explanations.) identify and explain steps in recording process