Some of the ledger accounts for the Sanderson Hardware Company are numbered and listed below. For each of the October 2018 transactions numbered 1 through 12 below, indicate by account number which accounts should be debited and which should be credited. The company uses the perpetual inventory system. Assume that appropriate adjusting entries were recorded at the end of September.

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(1) Accounts payable (4) Accounts receivable (7) Supplies expense (2) Equipment (5) Cash (8) Prepaid rent (3) Inventory (6) Supplies (9) Sales revenue (10) Retained earnings 11) Note payable (13) Deferred revenue 14) Rent expense (16) Cost of goods sold(17) Salaries and wages expense (12) Common stock 15) Salaries and wages payable (18) Interest expense Account(s) Debited Account(s) Credited 2 Example: Purchased inventory for cash 5 1. Paid a cash dividend. 2. Paid rent for the next three months. 3. Sold goods to customers on account. 4. Purchased inventory on account. 5. Purchased supplies for cash. 6. Paid employee salaries and wages for September. 7. Issued common stock in exchange for cash. 8. Collected cash from customers for goods sold in 3. 9. Borrowed cash from a bank and signed a note. 10. At the end of October, recorded the amount of supplies that had been used during the month. 11. Received cash for advance payment from customer. 12. Accrued employee salaries and wages for October.