Question: help please QUESTION 3 7 points Save Answer For each of the following transactions for the Brazos Co., mark the account that is Note: debited
help please
QUESTION 3 7 points Save Answer For each of the following transactions for the Brazos Co., mark the account that is Note: debited with a D and the account that is credited with a C a. Brazos provides a service to a customer, with the customer paying cash when the service is completed. Cash Service revenue b. Brazos purchases inventory for cash. Cash , Inventory c. Brazos purchases an insurance policy on June 24. The policy covers July 1 through September 30. Cash Prepaid insurance d. Brazos purchases equipment, receiving it on October 15. The company signs a note allowing payment in three installments, with the first installment taking place on November 15. Equipment Note payable e. Brazos sells 600 units of inventory. The price per unit is $6, and the cost per unit is $3.50. For the revenue portion of the transaction: Cash Sales revenue f. Brazos sells 600 units of inventory. The price per unit is $6, and the cost per unit is $3.50. For the expense portion of the transaction: Inventory Cost of goods sold g. Employees at Brazos earn $700 in wages during April. The employees are paid in cash on the April 30. Cash Wage expense
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