Select the debit and credit account for each entry for the folowing transactions, using the (o) cash basis, (b) modified cash bass, and (c) accrual basis of accounting. If no entry is required, select "No entry from the drop down box Cash Basis Modified Cash Basis Accrual Basis 1. Purchased equipment on account Debt Credit 2. Paid cash for new equipment Debit Credit 3. Purchased one-year insurance policy for cash Debit Credit 4. Received him for electric Debit Crede 5. Performed services for cash Deba Credit 6. Performed services on account Det Credit 4. Received bill for electricity 5. Performed services for cash 6. Performed services on account 7. Pald cash for wages. 8. Pald for equipment purchased on account 9. Depreciation on equipment 10. Supplies are partly used Select the entered account for each entry for the following transactions, using the (a) cash basic, c) modified cash basis, and (c) accrual basis of accounting. If no entry is required, select Monty from the dropdown Cash Basis Modified Cash Basis Acerual Basis 1. Purchased equipment on account Debt Credit 2. Paid cash for woment Det Credit 3. Purchased one year insurance policy for cash Debit Credit 4. Neceived for electricity Debt Credit 5. Performed services for cash Debit Crede 6. Performed services on account. Debit Credit Credit 4. Recerved toll for electricity Deha Credit 5. Performed services for cash 6. Performed services in account 7. Paid cash for wages 8. Paid for equipment purchased on account 9. Depreciation on guipment. Debit Credit 10. Supplies are party used Debit Cros Check My Wormor Check My Works omaning Select the debit and credit account for each entry for the following transactions, using the (a) cash basi drop down box C 1. Purchased equipment on account Debit Credit 2. Pald cash for new equipment. Debit Credit Debit 3. Purchased one-year insurance policy for cash. Credit Debit 4. Received bill for electricity. Credit Debit 5. Performed services for cash. Credit Debit 6. Performed services on account. Credit Check My Work 1 more Check My Work uses remaining ing the (a) cash basis, (b) modified cash basis, and (c) accrual basis of accounting. If no entry is required, select "No entry from the Cash Basis Modified Cash Basis Accrual Basis Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Previous Next > Save and can Submit Test for Grading @ A 0 * ( 9 ) 0 + 11 6 7