ABC co. uses the following chart of account: Account No. 1 2 3 4 5 6...

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ABC co. uses the following chart of account: Account No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Account Name Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Notes Payable Accounts Payable Interest Payable Unearned Revenue Salaries and Wages Payable Common Stock Retained Earnings Dividend Income Summary Sales Revenue/Service Revenue Salaries and Wages Expenses Supplies Expenses Rent Expense Utilities Expense Insurance Expense Interest Expense Depreciation Expense Journalize the following transaction by entering the Account No, to debit and credit entries. If not require recording, enter NA for both Debit and Credit. For example, enter answer for "ABC issued common stock in exchange for #10,000 as following: Debit 1 Credit 12 1. Purchase equipment on account 2. Perform service on account 3. Paid employee salaries and wages 4. Received bill for utilities Debit 5. Paid balance due from previous equipment purchase (transaction item 1) 6. Obtain a bank loan by signing a note Credit 7. Collect payment from customers for service performed from transaction item 2 8. Paid interest on the bank loan obtained in transaction item 6 9. Bill a customer for service performed 10. Received cash for service scheduled for next month ABC co. uses the following chart of account: Account No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Account Name Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Notes Payable Accounts Payable Interest Payable Unearned Revenue Salaries and Wages Payable Common Stock Retained Earnings Dividend Income Summary Sales Revenue/Service Revenue Salaries and Wages Expenses Supplies Expenses Rent Expense Utilities Expense Insurance Expense Interest Expense Depreciation Expense Journalize the following transaction by entering the Account No, to debit and credit entries. If not require recording, enter NA for both Debit and Credit. For example, enter answer for "ABC issued common stock in exchange for #10,000 as following: Debit 1 Credit 12 1. Purchase equipment on account 2. Perform service on account 3. Paid employee salaries and wages 4. Received bill for utilities Debit 5. Paid balance due from previous equipment purchase (transaction item 1) 6. Obtain a bank loan by signing a note Credit 7. Collect payment from customers for service performed from transaction item 2 8. Paid interest on the bank loan obtained in transaction item 6 9. Bill a customer for service performed 10. Received cash for service scheduled for next month

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