counting effects

n & Company, a

E$2-5$A$.$ Transaction Analysis Match each of the following transactions of Lesch & Company with the ap$-$

LO$4$

propriate letters, indicating the debits and credits to be made. The key for the letters follows the list of transactions. The correct answer for Transaction $(1)$ is given as an illustration:

Purchased supplies on account.Received an invoice for utilities used. qquadReceived payment in advance from client for work to be done next month. qquadReceived additional capital contribution from stockholders.

Financial Effect of Transaction

a$.$ Debit an asset

g$.$ Debit dividends

b$.$ Credit an asset

h$.$ Credit dividends

c$.$ Debit a liability

i$.$ Debit a revenue

d$.$ Credit a liability

j$.$ Credit a revenue

e$.$ Debit common stock

k$.$ Debit an expense

f$.$ Credit common stock

l$.$ Credit an expensecounting effects

n & Company, a

E$2-5$A$.$ Transaction Analysis Match each of the following transactions of Lesch & Company with the ap$-$

LO$4$

propriate letters, indicating the debits and credits to be made. The key for the letters follows the list of transactions. The correct answer for Transaction $(1)$ is given as an illustration:

Purchased supplies on account.Received an invoice for utilities used. qquadReceived payment in advance from client for work to be done next month. qquadReceived additional capital contribution from stockholders.

Financial Effect of Transaction

a$.$ Debit an asset

g$.$ Debit dividends

b$.$ Credit an asset

h$.$ Credit dividends

c$.$ Debit a liability

i$.$ Debit a revenue

d$.$ Credit a liability

j$.$ Credit a revenue

e$.$ Debit common stock

k$.$ Debit an expense

f$.$ Credit common stock

l$.$ Credit an expensecounting effects

n & Company, a

E$2-5$A$.$ Transaction Analysis Match each of the following transactions of Lesch & Company with the ap$-$

LO$4$

propriate letters, indicating the debits and credits to be made. The key for the letters follows the list of transactions. The correct answer for Transaction $(1)$ is given as an illustration:

Purchased supplies on account.Received an invoice for utilities used. qquadReceived payment in advance from client for work to be done next month. qquadReceived additional capital contribution from stockholders.

Financial Effect of Transaction

a$.$ Debit an asset

g$.$ Debit dividends

b$.$ Credit an asset

h$.$ Credit dividends

c$.$ Debit a liability

i$.$ Debit a revenue

d$.$ Credit a liability

j$.$ Credit a revenue

e$.$ Debit common stock

k$.$ Debit an expense

f$.$ Credit common stock

l$.$ Credit an expense