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The following is a list of accounts. For each transaction, fill in the appropriate letter corresponding to the account that would be debited or credited

The following is a list of accounts. For each transaction, fill in the appropriate letter corresponding to the account that would be debited or credited for each transaction and indicate whether Assets, Liabilities, Stockholders Equity, and Net Income are increased (+), decreased (-), or had no net effect (0).

a. Accounts Payable i. Inventory q. Notes Receivable

b. Accounts Receivable j. Service Revenue r. Notes Payable

c. Accumulated Depreciation k. Land s. Interest Revenue

d. Capital Stock l. Supplies t. Interest Expense

e. Cash m. Utilities Payable

f. Utilities Expense n. Retained Earnings

g. Depreciation Expense o. Unearned Revenue

h. Equipment p. Account not listed

Transactions

Debit

Credit

Assets

Liabilities

Equity

Income

Bought equipment by issuing stock

Received Cash in advance for Services to be performed

Performed services on account

Paid vendors for merchandise previously bought on account

Accrued Deprecation Expense on Equipment

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