In the first month of operations, the total of the debit entries to the cash account amounted to $1000 and the total of the credit entries to the cash account amounted to $800. The cash account has a balance of...Dr.? Cr.? 2.Dawson's DeliveryService purchased equipment for $3,700. Dawson paid $500 in cash and signed a note for the balance. Dawson debited the Equipment account, credited Cash and a. debited the Dawson, Capital account for $2,000. b.credited another asset account for $500. C. nothing further must be done. d. credited a liability account for $3,200. 3. Grayton Industries purchased supplies for $1,200. They paid $700 in cash and agreed to pay the balance in 30 days. The journal entry to record this transaction would include a debit to an asset account for $1,200, a credit to a liability account for $500 Which of the following would be the correct way to complete the recording of the transaction? a.Credit cash account for $700 b.Credit the Grayton, Capital account for $500. c. Debit the Grayton, Capital account for $700. d. Credit an asset account for $500