Required: Using the Chart of Accounts for Smart Consulting Services $\text { Chart of Accounts }$

Essay

Required: Using the chart of accounts for Smart Consulting Services below, enter the account no. of the account being debited for each of the listed transactions.
$\text { Chart of Accounts }$
$\begin{array}{|l|l|}\hline \text { Assets: } & \text { Revenues: } \\\hline 101 \text { Cash } & 401 \text { Consulting Revenue } \\\hline 105 \text { Accounts Receivable } & \\\hline 109 \text { Prepaid Rent } & \text { Expenses: } \\\hline 110 \text { Office Supplies } & 510 \text { Salaries Expense } \\\hline\end{array}$ $\begin{array}{|l|l|}\hline 110 \text { Office Supplies } & 510 \text { Salaries Expense } \\\hline 180 \text { Equipment } & 515 \text { Utilities Expense } \\\hline & 520 \text { Insurance Expense } \\\hline \text { Liabilities: } & 525 \text { Rent Expense } \\\hline 201 \text { Accounts Payable } & 530 \text { Supplies Expense } \\\hline 210 \text { Wages Payable } & 570 \text { Miscellaneous Expense } \\\hline & \\\hline\text { owner's equity}\\\hline\text { 310 S. Smart, capital}\\\hline\text {311 S. Smart, drawing }\\\hline\end{array}$
Transaction Account No. of Account debited
1. Owner, Sam Smart, invested in business, $10,000 ________
2. Received $2,200 from customer due on accounts receivable ________
3. Issued a check for $1,000 to purchase office supplies ________
4. Bought equipment for $8,000, on account ________
5. Paid $500 to apply against the amount owed on the equipment ________
6. Issued a check for $1,500 for advance payment of two months rent ________
7. Consulting revenue earned of $6,000 but client will pay amt. owed, next week________
8. Charge account clients paid $1,000, reducing amount owed to the firm ________
9. Paid $600 to employees for salaries earned ________
10. Owner withdrew, $100 for personal use ________