The following list includes a series of accounts for Sanjeev Corporation, which has been operating for three years. These accounts are listed and numbered for identification. Following the accounts is a series of transactions. For each transaction, indicate the account(s) that should be debited and credited by entering the appropriate account number(s) to the right of each transaction. If no journal entry is needed, write none after the transaction. The first transaction is used as an example.
1. Cash
2. Accounts Receivable
3. Supplies
4. Prepaid Expenses
5. Equipment
6. Patents
7. Accounts Payable
8. Note Payable
9. Wages Payable
10. Income Taxes Payable
11. Common Stock
12. Additional Paid-in Capital
13. Retained Earnings
14. Service Revenue
15. Operating Expenses (wages, supplies)
16. Income Tax Expense Interest Expense

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Debit Credit a Example: Purchased equipment for use in the business; paid one-third51.8 Transactions cash and signed a note payable for the balance. b. Paid cash for salaries and wages earned by employees this period. Paid cash on accounts payable for expenses incurred last period d Purchased supplies to be used later; paid cash. e. Performed services this period on credit. fCollected cash on accounts receivable for services performed last period. s Issued stock to new investors h. Paid operating expenses incurred this period. Incurred operating expenses this period to be paid next period. j. Purchased a patent (an intangible asset); paid cash k Collected cash for services performed this period. l. Used some of the supplies on hand for operations L. Used some of the supplies on hand for operations m. Paid three-fourths of the income tax expense incurred for the year the balance will be paid next year principal and part interest expense. covering the next two years. . Made a payment on the equipment note in (a); the payment was part o On the last day of the current period, paid cash for an insurance policy