Some of the ledger accounts for the Sanderson Hardware Company are listed below. For each of the October 2016 transactions numbered 1 through 12 below, indicate which accounts should be debited and which should be credited. The company uses the perpetual inventory system. Assume that appropriate adjusting entries were recorded at the end of September.

Accounts payable	Equipment	Inventory
Accounts receivable	Cash	Supplies
Supplies expense	Prepaid rent	Sales revenue
Retained earnings	Note payable	Common stock
Deferred revenue	Rent expense	Salaries and wages payable
Cost of goods sold	Salaries and wage expense	Interest expense