Transactions for the George Lynch Company for the month of
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.

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