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. E. Dividends C. A. Accounts payable B. Accounts receivable Cash D. Common stock F. Office Equipment G. Notes payable H. Prepaid rent 1. Rent expense J. Retained earnings K. Salaries expense L. Salaries payable N. Supplies M. Service revenue O. Phone expense ex 10. 10 Purchase Office Supplies in exchange for cash Pay rent in advance for the next three months 11. Recorded salaries for this week, will pay next week 12. Provided services to customers on account 13. Received phone bill will pay next week Account Debited Account Credited N C Use the following to answer questions 14 - 20 Post each transaction to the T-accounts below and compute the ending balances of each account. The balances at the beginning of the day are shown in the T accounts. NOTE: The accounts are only a partial listing of the company's Chart of Accounts Recorded transactions to be posted: Debit Credit Debit Credit 1 Supplies 300 4 Deferred revenue 7000 Accounts payable 300 2 Accounts receivable 3000 5 Service revenue Accounts payable 7000 750 Service revenue 3000 Cash 750 3 Advertising expense 5000 6 Cash 3250 Cash 5000 Accounts receivable 3250 Following are some (not all) of the accounts for the company with balances at the beginning of the day: Cash 10,000 Accounts Receivable 2,000 Supplies 50 Accounts Payable 500 Deferred Revenue Service Revenue Advertising Expense 10,000 18,000 3,000 14. $ What is the Cash account balance at the end of the day? 15. $ What is the Accounts Receivable account balance at the end of the day?