Match each of the following transactions of R. Couche \& Company, a printing company, with the appropriate letters, indicating the debits and credits to be made. The key for letters follows the list of transactions. The correct answer for Transaction (1) is given as an illustration:

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1. 2. Stockholders contributed cash to the business. Purchased inventory on account. 3. Received and immediately paid a utility bill. 4. Purchased supplies for cash. 5. Borrowed money from a bank, giving a note payable. 6. Billed customers for services rendered. 7. Made a partial payment on account. 8. Paid employee's salary. 9. Collected amounts due from customers billed in Transaction 6. Financial Effect of Transaction a. Debit an asset f. Credit common stock b. Credit an asset c. Debit a liability g. Debit a revenue h. Credit a revenue d. Credit a liability i. Debit an expense e. Debit common stock j. Credit an expense Answer a.f