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Homework answers / question archive / Use the following to answer questions 10 —13  Indicate which of the following accounts should be debited and which should be credited

Use the following to answer questions 10 —13  Indicate which of the following accounts should be debited and which should be credited

Accounting

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 E. Dividends I. Rent expense M. Service revenue B. Accounts receivable F. Office Equipment J. Retained earnings N. Supplies C. Cash G. Notes payable K. Salaries expense 0. Phone expense D. Common stock H. Prepaid rent L. Salaries payable 
Account Debited Account Credited ex Purchase Office Supplies in exchange for cash N C 10. Pay rent in advance for the next three months 11. Recorded salaries for this week, will pay next week 12. Provided services to customers on account 13. Received phone bill will pay next week 
 

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