Following Are Accounts in Alphabetical Order,which Are Numbered for Identification,followed

Essay

Following are accounts in alphabetical order,which are numbered for identification,followed by a series of transactions.For each transaction,determine what account(s)should be debited and credited,and place the number associated with that account in the appropriate debit or credit column.
$\begin{array}{ll}\text { 1. Accounts Receivable } & \text { 9. Notes Payable } \\\text { 2. Accounts Payable } & \text { 10. Paid-in Capital } \\\text { 3. Accumulated Depreciation-equipment } & \text { 11. Prepaid Rent } \\\text { 4. Cash } & \text { 12. Rent Expense } \\\text { 5. Cost of Goods Sold } & \text { 13. Sales } \\\text { 6. Depreciation Expense } & 14 . \text { Wage Expense } \\\text { 7. Equipment } & 15 . \text { Utility Expense } \\\text { 8.Merchandise Inventory }\end{array}$
$\begin{array}{lccc} &\text {Debit}& \text {Credit}\\ \text { a. Purchased equipment by offering a six month note.} &-------&-------\\ \text { b. Received and paid the current utility bill..} &-------&-------\\ \text { c. Purchased merchandise inventory on account..} &-------&-------\\ \text { d. Recorded depreciation on the equipment..} &-------&-------\\ \text { e. Recognized expense of 1 month's rent}\\ \text { (prepaid rent recorded on the books).} &-------&-------\\ \text { f. Sold merchandise inventory on account, }\\ \text { sale price above cost..} &-------&-------\\ \text { g. Collected cash from customers on account..} &-------&-------\\ \text { h. Sold merchandise inventory for cash,}\\ \text { sale price above cost..} &-------&-------\\ \text { i. Sold shares of common stock for cash..} &-------&-------\\ \text { j. Paid 6 months rent in advance..} &-------&-------\\ \text { k. Wages were earned and paid to employees..} &-------&-------\\\end{array}$