actions Notes Payable Retained Earnings Salaries Payable Salaries Expense Dividends Required: Indicate which accounts should be debited and which should be credited. E2-8 Terapin Company engages in the following external transactions for November 1. Purchase equipment in exchange for cash of $23,400. 2. Provide services to customers and receive cash of $6,800. 3. Pay the current month's rent of $1,300. 4. Purchase office supplies on account for $1,000. 5. Pay employee salaries of $2,100 for the current month. Required: Record the transactions. Terapin uses the following accounts: Cash, Supplies, Equipment, Accounts Payable, Service Revenue, Rent Expense, and Salaries Expense