Event | Account Debited | Account Credited |
(1) | Purchased land for cash. | (Click to select)Salaries payableService revenueSuppliesLandCashCommon stockEquipmentSalaries expenseAccounts payable | (Click to select)SuppliesCashNotes payableCommon stockAccounts receivableSalaries expenseSalaries payableService revenueEquipment |
(2) | Paid a cash dividend to the stockholders. | (Click to select)Accounts receivableDividendsService revenueCommon stockSalaries payableSalaries expenseSuppliesLandEquipment | (Click to select)Salaries payableAccounts receivableSalaries expenseSuppliesCashCommon stockNotes payableService revenueEquipment |
(3) | Provided services for cash. | (Click to select)Notes payableCashSalaries payableSuppliesAccounts receivableService revenueCommon stockPrepaid rentEquipment | (Click to select)Notes payableAccounts receivableSuppliesCommon stockSalaries expensePrepaid rentEquipmentSalaries payableService revenue |
(4) | Recognized accrued salaries at the end of the period. | (Click to select)Common stockSalaries expenseCashService revenueEquipmentAccounts receivableSalaries payableSuppliesAccounts payable | (Click to select)SuppliesSalaries payableService revenueEquipmentCashNotes payableSalaries expenseCommon stockAccounts payable |
(5) | Recognized accrued interest revenue. | (Click to select)Accounts receivableCashEquipmentCommon stockSalaries expenseLandSalaries payableSalaries expenseInterest receivable | (Click to select)CashCommon stockService revenueEquipmentSalaries expenseAccounts receivableSuppliesInterest revenueSalaries payable |
(6) | Provided services on account. | (Click to select)Salaries expenseNotes payableSalaries payableDividendsSuppliesService revenueCommon stockCashAccounts receivable | (Click to select)EquipmentCommon stockAccounts receivableNotes payableCashService revenueSuppliesSalaries expenseSalaries payable |
(7) | Paid cash for operating expenses. | (Click to select)Rent expenseSuppliesAccounts receivableSalaries payableCommon stockSalaries expenseOperating expenseCashService revenue | (Click to select)Accounts receivableCashAccounts payablePrepaid rentSalaries expenseSalaries payableSuppliesNotes payableCommon stock |
(8) | Acquired cash from the issue of common stock. | (Click to select)Salaries payableSalaries expenseCashAccounts receivableEquipmentNotes payableSuppliesService revenueCommon stock | (Click to select)Service revenueSalaries payableEquipmentAccounts receivableCommon stockCashSuppliesNotes payableSalaries expense |
(9) | Purchased supplies on account. | (Click to select)EquipmentCashSalaries payableAccounts receivableCommon stockInterest receivableSuppliesNotes payableService revenue | (Click to select)SuppliesInterest revenueAccounts receivableNotes payableCommon stockService revenueAccounts payableCashSalaries expense |