Question: Determine the Value Received or Debit and the Value Parted With or Credit of each transaction below. Use Account Titles. Transaction Value Received or Debit
Determine the Value Received or Debit and the Value Parted With or Credit of each transaction below. Use Account Titles. Transaction Value Received or Debit Value Parted With or Credit a. The owner invested cash in the business. b. Purchased office supplies on account. c. Rendered services to customers on account. d. Received cash for services rendered. e. Paid cash for rent on building f. Collected a customer's account. g. Purchased office supplies in cash. h. Paid our account for supplies (transaction b). i. The owner withdrew cash for personal use. j. Paid salaries to employees for the month. k. Paid the water and electricity bill. (Utilities Expense) l. Received a promissory note from a customer for services renderd. m. Collected cash from the promissory note received. n. The owner invested a computer set
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