MC

12 For each of the following accounts, indicate whether a debit or credit is used to increase (+) or decrease (-) the balance of the account. Account Debit Credit (a) Common stock (b) Liability (c) Asset (d) Revenue (e) Dividend (f ) Retained Earnings (g) Expense13 For each of the following accounts, indicate whether we use a debit or a credit to increase the balance of the account. (a) Accounts receivable (b) Accounts payable (c) Salaries expense (d) Service revenue (e) Supplies (f) Common stock (g) Advertising expense (h) Dividends14 A company issues common stock for $20,000 cash. Record the transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet A company issues common stock for $20,000 cash. Note: Enter debits before credits. Transaction General Journal Debit Credit 115 A company purchases a building for $100,000, signing a note payable. Record the transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet A company purchases a building for $100,000, signing a note payable. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal