The chart of accounts used by Notwist Copy Company is listed below. You are to indicate the proper accounts to be debited and credited for the following transactions.

The chart of accounts used by Notwist Copy Company is listed below. You are to indicate the proper accounts to be debited and credited for the following transactions. CHART OF ACCOUNTS Cash Accounts Receivable Common Stock Supplies Equipment Notes Payable Accounts Payable t xpense Unearned Service Revenue Dividends Service Revenue Advertising Expense Account debited Account credited 1. The company issues stock in exchange for $70,000 cash. 2a. Purchased three pieces of equipment for $160,000, paying $50,000 cash 2b. And signing a 5-year, 10% note for the remainder. 3. Purchased $5,000 supplies on credit. 4. Cash revenue amounted to $7,000 5. Paid $500 cash for radio advertising 6. Paid $800 on account for supplies purchased in transaction 3 7 The company paid dividends of $2,100. 8. Paid $1,200 cash for rent for the current month. 9. Received $2,000 cash advance from a customer for future copying. 10. Billed a customer for $575 for photocopy work done