The chart of accounts used by Norton Printing Company is listed below. You are to indicate the proper accounts to be debited and credited for the following transactions by entering the account number in the appropriate boxes. DO NOT ENTER WORDS. CHART OF ACCOUNTS 1 Cash 8 Common Stock 2 Accounts Retained Earnings Receivable 3 Supplies 10 Dividends 4 Equipment 11 Service Revenue 5 Accounts Payable 12 Advertising Expense 6 Note Payable 13 Rent Expense 7 Unearned Revenue 14 Treasury Stock 1. Purchased three digital copy machines for $400,000, signing a 5 year, 6% note. Debit Credit 2. Stockholder's invest $40,000 in cash in the company Debit Credit 3. Paid $1,200 cash for rent for the current month. Debit Credit 3. Paid $1,200 cash for rent for the current month. Debit Credit 4. Received $2,000 cash advance from a customer for future copying. Debit Credit 5. Billed a customer for $450 for photocopy services completed. Debit Credit 6. Purchased $500 of supplies on account. of supies on acount. Debit Credit 7. Received a check from customer for amount billed in transaction (5). Debit Credit 8. Purchased 30 shares of previously issued stock for $10 per share. Debit Credit 9. Paid for the supplies purchased in transaction 6. Debit Credit 7. Received a check from customer for amount billed in transaction (5). Debit Credit 8. Purchased 30 shares of previously issued stock for $10 per share. Debit Credit 9. Paid for the supplies purchased in transaction 6. Debit Credit 10. Received a bill for $800 for advertising for the current month. Debit Credit Previous Next >