Question 17 Match each transaction with the correct account that would be DEBITED. Drag and drop options on the right-hand side and submit. For keyboard navigation... SHOW MORE V Issued common shares to shareholders in exchange for = Accounts receivable $5000. Paid rent in advance for two months - $2100. = Cash Paid administrative assistant $500 salary. III Supplies Billed clients $1200 for services provided. E Accounts payable Received $900 in partial payment from clients for services provided in item 4 above. = Retained earnings Purchased $500 of supplies on account. Prepaid rent Paid supplier amount owing on account $500. Cash Paid administrative assistant $500 salary. Supplies Billed clients $1200 for services provided. Accounts payable Received $900 in partial payment from clients for services provided in item 4 above. III Retained earnings Purchased $500 of supplies on account. III Prepaid rent Paid supplier amount owing on account $500. Cash Borrowed $1000 cash from the bank to purchase equipment = Salaries expense Cash Insurance expense