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 E. Dividends 1. Rent expense M. Service revenue B Accounts receivable F. Equipment J. Retained earnings N. Supplies C. Cash G. Notes payable K. Salaries expense O. Utilities expense D. Common stock H. Prepaid rent L. Salaries payable Dealor Account Debited Account Credited ex Purchase Office Supplies in exchange for cash 10. Received the utility bill for the month, will pay next week. 12 Provided services to customers, will bill at the end of the month. Recorded employee salaries for the week, will pay later. Paid rent in advance for the next three months. Use the following to answer questions 14-20 Post each transaction to the T-accounts below and compute the ending balances of each account. The balances at the beginning of the day are shown in the Taccounts. NOTE: The accounts are only a partial listing of the acompany's Chart of Accounts Credit Crec Debit 1,800 Recorded transactions to be posted: Debit 1 Accounts receivable 6,000 Service revenue 2 Office Supplies 300 Cash 3 Deferred revenue 6,000 Advertising expense Accounts payable Accounts payable Cash 2.500 4,000 6 Cash 8,000 Use the following to answer questions 21 - 27 ASSETS LIABILITIES & STOCKHOLDERS' EQUITY A Cash F. Accounts Payable B Accounts Receivable . G. Salaries Payable C. Supplies H Deferred revenue D. Prepaid advertising 1. Notes Payable E. Equipment J. Retained Earnings DEA LOR INCOME STATEMENT ACCOUNTS IK Service Revenue L. Advertising expense M Rent Expense IN Salaries/Wage expense O. Utilities expense er February 1st transaction is completed as an example: Only include the letter of the account not the account name. Date Transaction AMOUNT February 01 (ex) Poid an Accounts Payable $125 February 2 Collected from customers for sales made in January 25,000 February 7 Paid employees for work performed in January 20,000 February 14 Purchased supplies on account 1,000 February 15 Provided services to cash customers 30,000 February 28 Recorded salaries for February, will pay in March 19,000 February 28 Received cash in advance from customers will provide service later 5,000 Date Account Debit Credit FEB 1 Account payable (L.) 125 Cash (A-) 125 21. Feb 2 A 23DOO 12Sooo 22. Feb 7 20,0DD 2000 23. Feb 14 C 1.000 1 000 24. Feb 15 A 13 DDOD BOOOO 25. Feb 28 U10 DO 119.000 26. Feb 28 sooo