Question $4$ of $19$

Schulist Ltd paid $$66,000$ for engineering services during the month of December. The bill was received and paid on the last day of the month.

Record the effect on the following accounts:

Assets

Liabilities

Stockholders' Equity

Revenues and Expenses $($Income Statement$)$

Net Income

Question $5$ of $19$

King is the CFO at Intel. King paid suppliers $$33,500$ on December $19$ for balances outstanding.

Record the effect on the following accounts:

$\backslash$table$[[$Assets$,],[$Liabilities$,],[$Stockholders$\text{'}$ Equity,$],[$Revenues and Expenses $($Income Statement$),],[$Net Income,$]]$