Jose Lopez is a building consultant. Shown below are (a) several accounts in his ledger with each account preceded by an identification number, and (b) several transactions completed by Mr. Lopez. Indicate the accounts debited and credited when recording each transaction by placing the proper account identification numbers to the right of each transaction. 1. Accounts Payable 2. Accounts Receivable 3. Cash 4. Consulting Fees Earned 5. Office Supplies 6. Office Supplies Expense 7. Telephone Expense 8. Unearned Consulting Revenue 9. Common Stock 10. Dividends 11. Insurance Expense 12. Prepaid Insurance Example: Debit Credit Completed consulting work for a client who will pay at a later date. 2 4 A. Received cash in advance from a customer for designing a building B. Purchased office supplies on credit. C. Paid for the supplies purchased in B. Received the telephone bill of the D. business and immediately paid it. E. Paid for a 3-year insurance policy