The chart of accounts used by Speedi-Copy Corporation 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. Dollar values are not required. If no entry is required please enter a zero in each box.

CHART OF ACCOUNTS
	100	Cash	280	Unearned Revenue
	120	Accounts Receivable	300	Common Shares
	150	Inventory	350	Retained Earnings
	170	Prepaid expenses	370	Dividends
	180	Equipment & Machines	400	Revenue
	220	Accounts Payable	510	Advertising Expense
	250	Note Payable	530	Rent Expense

Transaction	Number of account debited	Number of account credited
1. Shareholders invested $100,000 cash to start the corporation.
2. Purchased three photocopy machines for $150,000, paying cash.
3. Purchased $5,000 of inventory on account.
4. Paid $1,000 on account for inventory purchased in transaction 3.
5. Paid a $500 cash dividend to shareholders.
6. Paid $2,500 cash for rent for the current month.
7. Received $2,000 cash advance from a customer for future services.
8. Billed a customer for $1,000 for services performed.
9. Paid $1,200 for a one year insurance policy. The policy starts next month.
10. Hired four employees to begin work in one month. Weekly salary is $500 per week.