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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 M. Service revenue N. Supplies O. Utilities expense F. Equipment I. Rent expense J. Retained earnings G. Notes payable K. Salaries expense H. Prepaid rent L. Salaries payable Account Debited Account Credited ex Purchase Office Supplies in exchange for cash 10. Received utility bill, will pay later. 11. Provided services to customers for cash 12. Paid rent in advance for next year. 13. Recorded salaries for the month, will pay next week.
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