: For each transaction, state what account must be debited with the amount and what account must be credited with the amount

1. March 1: Marquet Corporation issues common stock for $10M cash

Debit:

Credit:

2. March 3: Marquet Corp purchases $200,000 of merchandise inventory on account (on credit)

Debit:

Credit:

3. March 10: Marquet Corp performs service for a customer worth $25,000. The customer has promised to pay within 30 days.

Debit:

Credit:

4. March 20: Marquet Corp pays $50,000 toward the bill they owed for purchases on March 3.

Debit:

Credit: