Indicate Indicate the accounts to be debited and credited for each transaction by entering the appropriate letter in each blank:

blank:

ACCOUNTS

A. Cash G. Dividends

B. Accounts Receivable H. Common Stock

C. Office Equipment I. Services Revenue

D. Supplies J. Operating Expenses

E. Accounts Payable K. Supply Expense

F. Notes Payable L. Retained Earnings

Transaction Debit Credit

1. Purchased office equipment for cash. _____ _____

2. Borrowed cash from the bank on a note _____ _____

3. Provided services on credit _____ _____

4. Paid operating expenses with cash _____ _____

5. Paid a cash dividend _____ _____

6. Incurred operating expenses, but cash has not been paid _____ _____

7. Purchased supplies on credit _____ _____

From top to bottom (Transactions 1-7), the correct order of Debit entries should be

	A.	A, A, B, A,H, J, K
	B.	C, A, B, J, G, J, D
	C.	C, A, B, A, G, J, D
	D.	A, B, B,J, H, J, K
	E.	A, F, I, J, G, J, F