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