Sprinkler Blowout Company Entered into the Activities Listed in the Table

Essay

Sprinkler Blowout Company entered into the activities listed in the table below.The company's chart of accounts appears below the list of activities.
For each activity,decide whether a transaction has occurred,and,if so,indicate the account(s)that should be debited and the account(s)that should be credited in the related journal entry by entering the appropriate account number(s)in the "Debit" and "Credit" columns in the table.If the activity is not a transaction,enter the word "None" in the "Debit" column for that activity.
The account numbers to be used in the journal entry prepared for the first transaction are provided as an example.