For each of the following financial statement elements indicate whether you would debit or credit them to INCREASE their balance ( please circle your choice):

1. Assets: Debit or Credit
2. Liabilities: Debit or Credit
3. Stockholders Equity: Debit or Credit
4. Revenues: Debit or Credit
5. Expenses: Debit or Credit
6. Bonus: Dividends: Debit or Credit

For each of the following please give me the journal entries using XXX in place of dollar amounts.

1. Receive Investment by Stockholders

2. Purchase Supplies for Cash

3. Purchase Equipment for Cash

4. Purchase Supplies on Credit

5. Provide Services for Cash

6. Payment of Expense in Cash

7. Payment of Expense in Cash

8. Provide Consulting and Rental Services on Credit

9. Receipt of Cash on Account

10. Partial Payment of Accounts Payable

11. Payment of Cash Dividends

12. Receipt of Cash for Future Services

13. Pay Cash for Future Insurance Coverage

14. Purchase Supplies for Cash

15. Payment of Expenses in Cash

16. Payment of Expenses in Cash