Sports Schedules REAL ID Checklist Nuview Union Scho. Tur Text TTIONI's rendrUT Urce space. CP 2-4 Required: Record the debit and credit in the appropriate account for each of the following transactions (transaction 1 is done for you) Debit Credit 1. Issued common stock for cash Cash Common Stock 2. Purchased equipment on credit 3. Paid for a one-year insurance policy 4. Billed a customer for repairs completed today 5. Paid this month's rent 6. Collected the amount billed in transaction 4 above 7. Collected cash for repairs completed today & Paid for the equipment purchased in transaction 2 above 9. Signed a union contract 10. Collected cash for repairs to be made for customers next month 11. Transferred this month's portion of prepaid insurance to insurance expense. CHAPTER TWO/ The Accounting Process First US Edition CP 2-5 Required: Post the following transactions to the appropriate accounts