Question 1

Please indicate whether the normal balance of each of the following accounts is a debit or a credit:

		Debit	Credit
1.	Equipment
2.	Land
3.	Owner's, Withdrawals
4.	Rent Expense
5.	Interest Revenue
6.	Prepaid Rent
7.	Accounts Receivable
8.	Office Supplies
9.	Notes Receivable
10.	Notes Payable
11.	Owner's, Capital
12.	Rent Earned
13.	Rent Payable
14.	Interest Expense
15.	Interest Payable

Question 2

The following transactions take place in April 2018 for Del Martin Consulting:

1. Del Martin invested $15,000 cash into his new business.
2. Purchased $2,000 of furniture on account.
3. Purchased $500 of furniture, paying cash.
4. Did $1,000 of work for a customer; collected cash.
5. Did $700 of work for a customer on account.
6. Paid $500 regarding (b).
7. Collected $300 regarding (e).
8. Did $400 of work for a client on credit.

Required:

1. Journalize all transactions.
2. Open and record the transactions in T-accounts.