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Performed services and billed customers on account requires a debit to A and a credit to Question 2 (Mandatory) (1 point) Purchased supplies on account

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Performed services and billed customers on account requires a debit to A and a credit to Question 2 (Mandatory) (1 point) Purchased supplies on account requires a debit to and a credit to A) Question 3 (Mandatory) (1 point) Received the August utility bill. It is due and will be paid in September. This requires a debit to A and a credit to During August, the company paid for advertising to be placed in the newspaper in September. This requires a debit to A and a credit to Question 5 (Mandatory) (1 point) Received cash from customers in payment of bills sent to them requires a debit to A and a credit to Martin's Mail Service purchased equipment for $3,000. Martin paid $500 in cash and signed a note for the balance. Martin debited the Equipment account, credited cash and: Nothing further must be done Debited the retained earnings account for $2,500 credited another asset account for $500 credited a liability account for $2,500 Alumni Co. prepares financial statements at the end of each year. Year end account balances are above. Use the data to calculate: Net Income Total Current Assets Net Income Total Current Assets Total liabilities

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