Transactions for the George Lynch Company for the month of June are presented below. Identify the accounts to be debited and credited for each transaction.
June 1 George Lynch invests $5,000 cash in a small welding business of which he is the sole proprietor.
2 Purchases equipment on account for $2,100.
3 $800 cash is paid to landlord for June rent.
12 Sends a bill to M. Rodero for $300 for welding work performed on account.