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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

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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 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 1. Rent expense J. Retained earnings K. Salaries expense L. Salaries payable M. Service revenue N. Supplies O. Utilities expense Account Debited Account Credited N ex Purchase Office Supplies in exchange for cash Paid for utilities incurred this month. 10. 11. Borrowed money from the bank. 12. Purchased supplies from vendor will pay later. 13. Paid landlord for the next two months

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