Below are several external transactions for Hokies Company.

Hokies uses the following accounts:

Required:
Indicate which accounts should be debited and which should becredited.

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Account Debited Account Credited Example: Purchase equipment in exchange for cash. 1. Pay a cash dividend. 2. Pay rent in advance for the next three months. 3. Provide services to customers on account 4. Purchase office supplies on account. 5. Pay salaries for the current month. 6. Issue common stock in exchange for cash. 7. Collect cash from customers for services provided Equipment Cash in (3) above. 8. Borrow cash from the bank and sign a note. 9. Pay for the current month's utilities. 10. Pay for office supplies purchased in (4) above. Accounts Payable Cash Prepaid Rent Common Stock Salaries Payable Equipment Supplies Rent Expense Notes Payable Salaries Expense ds Accounts Receivable Utilities Expense Service Revenue Retained Earnings