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Indicate which of the following accounts should be debited and which should be credited. An example has been provided (ex). Purchase Office Supplies in exchange

Indicate which of the following accounts should be debited and which should be credited. An example has been provided (ex). Purchase Office Supplies in exchange for cash Debit : N (Supplies) Credit: C (Cash)see below. Only include the letter of the account not the account name.

  1. Accounts payable

E. Dividends

I. Rent expense

M. Service revenue

  1. Accounts receivable

F. Office Equipment

J. Retained earnings

N. Supplies

  1. Cash

G. Notes payable

K. Salaries expense

O. Utilities expense

  1. Common stock

H. Prepaid rent

L. Salaries payable

Account Debited

Account Credited

ex

Purchase Office Supplies in exchange for cash

N

C

10.

Purchased office equipment on account

11.

Provided services on account

12.

Received utility bill and paid it the same day

13.

Used rent that had been paid for in advance

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