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Required For each of the following independent events, identify the account that would be debited and the account that would be credited. The accounts for
Required For each of the following independent events, identify the account that would be debited and the account that would be credited. The accounts for the first event are identified as an example. a. Account Credited Common stock Unearned revenue Service revenue Service revenue Cash c f. Account Debited Cash Cash Accounts receivable Accounts receivable Operating expenses Operating expenses Salaries payable Supplies Supplies Unearned revenue Accounts payable Cash Event Received cash by issuing common stock. b. Received cash for services to be performed in the future. Provided services on account. d. Paid accounts payable. e. Paid cash in advance for one year's rent. Paid cash for operating expenses. g. Paid salaries payable. Purchased supplies on account Paid cash dividends to the stockholders. Recognized revenue for services completed; previously collected the cash in Event b. Received cash in payment of accounts receivable. 1. Paid salaries expense. Recognized expense for prepaid rent that had been used up by the end of the accounting period. Cash h. i. Cash Acco its payable Supplies Service revenue Cash Accounts receivable k. m. Dividends Cash
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