Question: 4. (10 Points) Please circle Dr. or Co. for each transaction. (1) Receipt of Cash for Service - Cash (Dr.), Service Income (Cr.) (2) Payment

4. (10 Points) Please circle Dr. or Co. for each transaction. (1) Receipt of Cash for Service - Cash (Dr.), Service Income (Cr.) (2) Payment of Utility Bill - Cash (Cr.), Utility Expense (Dr. (3) Purchase Equipment on account - Equipment (Dr, Accounts Payable (Cr.) (4) Receipt for Accounts Receivable - Cash (Cr.), Accounts Receivable (Dr.) (5) Additional cash investment by the owner - Cash (Dr.), Capital (Cr.) (6) Purchase of Insurance for Two Years - Cash (Cr), Prepaid Insurance (Dr.) (7) Decrease in Prepaid Insurance - Prepaid Insurance (Cr.), Insurance Expense (Dr.) (B) Withdrawal of investment by the owner - Cash (Cr), Drawing (Dr.) (9) Purchase of Inventory - Cash (Cr.), Inventory (Dr.) (10) Payments for Accounts Payable - Cash (Cr.), Accounts Payable (Dr.)

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