nts Payable. tising Expense. se Revenue. unts Receivable. er's Capital mer's Drawings. y accounts to be debited and credited. actions for the Tage Oslo Company for the month of June are presented below. Identify the accounts to be debited and credi June 1 2 Tage Oslo invests $5,000 cash in a small welding business of which he is the sole proprieto Purchases equipment on account for $2,400. $800 cash is paid to landlord for June rent. 3 12 Sends a bill to J. Kronsnoble for $300 for welding work performed on account. urnalize transactions. LO2) Using the data in BE2-2, journalize the transactions. (You may omit explanations.) Identify and explain steps in recording process. (LO2) Jen Shumway, a fellow student, is unclear about the basic steps in the recording process. Identify and briefly explain the steps nts Payable. tising Expense. se Revenue. unts Receivable. er's Capital mer's Drawings. y accounts to be debited and credited. actions for the Tage Oslo Company for the month of June are presented below. Identify the accounts to be debited and credi June 1 2 Tage Oslo invests $5,000 cash in a small welding business of which he is the sole proprieto Purchases equipment on account for $2,400. $800 cash is paid to landlord for June rent. 3 12 Sends a bill to J. Kronsnoble for $300 for welding work performed on account. urnalize transactions. LO2) Using the data in BE2-2, journalize the transactions. (You may omit explanations.) Identify and explain steps in recording process. (LO2) Jen Shumway, a fellow student, is unclear about the basic steps in the recording process. Identify and briefly explain the steps