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Exercises Analyzing transactions. Selected accounts from the general ledger of the Zante Shipping Service follow. Analyze the fol. lowing transactions and indicate by number what accounts should be debited and credited for each Exercise 4.1 Objedive 4-1 101 Cost 111 Accounts Receivable 121 Supplies 131 Equipment 202 Accounts Payable 301 Som Taylor Capital 401 Fees Income 511 Rent Expense 514 Salaries Expense 517 les Expense TRANSACTIONS 1. Gave a cash refund of $1.500 to a customer because of a lost package. (The customer had previously paid in cash.) 2. Sent a check for $2.100 to the utility company to pay the monthly bill. 3. Provided services for $15.600 on credit. 4. Purchased new equipment for $9.200 and paid for it immediately by check. 5. Issued a check for $7.000 to pay a creditor on account. 6. Performed services for $10.500 in cash. 7. Collected $12.500 from credit customers. 8. The owner made an additional investment of $50,000 in cash. 9. Purchased supplies for $6,500 on credit. 10. Issued a check for $7,500 to pay the monthly rent. Exercise 4.2