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Use the following to answer questions 10 13 Indicate which of the following accounts should be debited and which should be credited. An example has
Use the following to answer questions 10 13 Indicate which of the following accounts should be debited and which should be credited. An example has been provided (ex). Purchase Office Supplies in exchange for cash Debit : N (Supplies) Credit: C (Cash)...see below. Only include the letter of the account not the account name. A. Accounts payable B. Accounts receivable C. Cash D. Common stock E. Dividends F. Equipment G. Notes payable H. Prepaid rent I. Rent expense J. Retained earnings K. Salaries expense L. Salaries payable M. Service revenue N. Supplies 0. Utilities expense Account Credited Account Debited N ex | | Purchase Office Supplies in exchange for cash 10. Paid for this month's rent. 11. Recorded salaries for the biweekly period, will pay next week. 12. Purchased equipment by signing a long-term note. 13. Customers paid their invoices that were mailed last week
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