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ley.com/was/ui/v2/assessment-player/in roblem Question 1 of 1 8.42 / 10 Indicate the proper accounts to be debited and credited for the following transactions. (Enter account names
ley.com/was/ui/v2/assessment-player/in roblem Question 1 of 1 8.42 / 10 Indicate the proper accounts to be debited and credited for the following transactions. (Enter account names in alphabetical order.) Account(s) Transactions debited 1. M. Acher invests $70,000 cash to start the business. Cash 2. Purchased three pieces of equipment for $160,000, paying Cash $50,000 cash and signing a 5-year, 10% note for the remainder. 3. Purchased $5,000 supplies on credit. Supplies 4. Cash revenue amounted to $7,000. Owner's Capital 5 . Paid $500 cash for radio advertising. Advertising Expense 6. Paid $800 on account for supplies purchased in transaction 3. Accounts Payable 7. Owner withdrew $2, 100 from the business for personal expenses. Owner's Drawings 8. Paid $1,200 cash for rent for the current month. Rent Expense 9. Billed a customer for $575 for photocopy work done. Accounts Receivable eTextbook and Media 20 DII DD F3 F4 F5 F6 F7 F8 F9 % A 3 4 5 6 8
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