E$2-11$B$.$ Transaction Analysis Match each of the following transactions of R$.$ Couche & Company, a printing

company, with the appropriate letters, indicating the debits and credits to be made. The key for letters

follows the list of transactions. The correct answer for Transaction $(1)$ is given as an illustration:

Stockholders contributed cash to the business.

Purchased inventory on account.

Received and immediately paid a utility bill.

Purchased supplies for cash.

Borrowed money from a bank, giving a note payable.

Billed customers for services rendered.

Made a partial payment on account.

Paid employee's salary.

Collected amounts due from customers billed in Transaction $6.$

Financial Effect of Transaction

a$.$ Debit an asset

e$.$ Debit common stock

Answer

b$.$ Credit an asset

f$.$ Credit common stock

h$.$ Credit a revenue

c$.$ Debit a liability

g$.$ Debit a revenue

i$.$ Debit an expense

d$.$ Credit a liability

j$.$ Credit an expense