Question 6 The company provides services to customers on account (on account means that no cash is exchanged). The debit should be: The credit should be: Question 5 The company sells common stock (this means that investors give the company cash and become a stockholder). The debit should be: The credit should be: Question 7 The company pays dividends. The debit should be: The credit should be: Question 8 On August 1, the company provides services to a customer on account. On August 8, the customer pays the account. On August 8th: The debit should be: The credit should be