R. Dalberg operates Dalberg's Tours. The company has the following chart of accounts:
Assets
Cash
Accounts Receivable
Supplies
Prepaid Insurance
Display Equipment
Van
Office Equipment
Liabilities
Accounts Payable
Owner's Equity
R. Dalberg, Capital
R. Dalberg, Drawing
Revenue
Income from Tours
Expenses
Wages Expense
Gas Expense
Advertising Expense
Utilities Expense
Using the chart of accounts, record the following transactions in pairs of T accounts. Give the T account to be debited first and the account to be credited to the right. Show debit and credit and plus and minus signs. (Example: Received and paid the bill for the month's rent, $480.)

a. Received and paid the electric bill, $175.
b. Bought supplies on account, $135.
c. Paid for insurance for one year, $580.
d. Made a payment on account to a creditor, $65.
e. Received and paid the telephone bill, $186.
f. Sold services on account, $1,375.
g. Received and paid the gasoline bill for the van, $130.
h. Received cash on account from customers, $1,458.
i. Dalberg withdrew cash for personal use, $700.

Transcribed Image Text:

Cash Rent Expense Debit Credit 480 Debit Credit 480