what is account titles and explanations, debit n credit

View Policies -/1 Current Attempt in Progress Transactions for Ing Ltd. for the month of June, its first month of operations, are presented below. June 1 Issued common shares to shareholders in exchange for $2.500 cash 4 Purchased supplies on account for $ 250. Billed J. Kronsnoble $ 300 for welding work done. 7 18 Received partial payment of $ 200 from J. Kronsnoble for work billed on June 7 25 Hired a new employee to start work on July 3. 27 Received cash of $ 200 from Liu Controls Ltd, as a deposit for welding work to be done in July. 28 Paid for supplies purchased on June 4. 29 Paid $ 100 for monthly income tax instalment. Journalize the transactions for Ing Ltd. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Debit Credit Date Account Titles and Explanation > View Policies Current Attempt in Progress Transactions for IngLtd. for the month of June, its first month of operations, are presented below. June 1 Issued common shares to shareholders in exchange for $ 2,500 cash. 4 Purchased supplies on account for $250. 7 Billed J. Kronsnoble $ 300 for welding work done 18 Received partial payment of $ 200 from J. Kronsnoble for work billed on June 7. 25 Hired a new employee to start work on July 3. 27 Received cash of $ 200 from Liu Controls Ltd as a deposit for welding work to be done in July 28 Paid for supplies purchased on June 4. 29 Paid $ 100 for monthly income tax instalment. Journalize the transactions for IngLtd. (List all debit entries before credit entries. Credit account titles are automatically indente amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amoun journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit BI c 26C Partly