Question: Indicate which accounts and by what amount should be credited and debited to record the following transactions: [How you do it (T-accounts, ledger entries, etc.).

Indicate which accounts and by what amount should be credited and

Indicate which accounts and by what amount should be credited and debited to record the following transactions: [How you do it (T-accounts, ledger entries, etc.). is up to you] a) Sell stock for $35,000 b) Buy $4, 500 of inventory on account c) A truck that has a $20,000 book value is sold for $25,000. The buyer pays $15,000 and signs a $10,000 note d) Pay $2,000 to someone who sold you goods 20 days ago. e) Pay back a $25,000 loan to a bank

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