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Q1 Classify the accounts with debit and credit rules. Put numbers and letters in the spaces in the following table: (1)= Assts,(2)= Liabilities, (3)= Equity.
Q1 Classify the accounts with debit and credit rules. Put numbers and letters in the spaces in the following table: (1)= Assts,(2)= Liabilities, (3)= Equity. ( Dr. )= Debit, (Cr)=. Credit Q2 1. Khaled issued common stock for 200,000 cash. 2. Khaled Purchase land for 20,000 cash. 3. Khaled Purchased office supplies for 10,000 cash 4. Khaled Purchased equipment on account for 20,000 5. Khaled Received 50,000 cash for service revenue. 6. Khaled Paid 10,000 for insurance expense 7. Khaled Purchase office supplies on account for 2000. 8. Khaled Paid 5000 for salaries expense. 9. Khaled Paid 10,000 cash for the equipment purchased on transaction #4. 10.Paid 2000 cash for the supplies purchase on transaction \#7
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