Module 4 Homework brovided. Consider that Assets" is not an account. It is a classification, as are Liabilities and owner's Equity. You must specify which Account is debited or credited. For reference, these are the same transactions that appeared in homework problem #8 of this Module. 12. For each event below indicate what account(s) should be debited and credited in the space Account(s) Debited Account(s) Credited Event aul, the owner placed $1,200 cash in the company checking account from his own personal account 6. Paul convinces his brother to loan the business $2,000 and required Paul to sign a note. The pnncipal of the note is $2,000 at a 5.85% rate for one year.-Payments are S 172.00 a month c. Paul performed consulting services for a client on open account in the amount of $265 d. Purchased a new computer $1,455 with $200 cash and signed a note for the difference e. Purchased $210 of supplies on open account. . Hired a new employee. Will be paid $500 per week. g. Performed services of $400 for a client who was short of cash and they had to sign a note. The note is a 2 month note with the $400 as principal and includes an interest charge of 8% APR h. The customer in c. above paid $165 on account. i. Returned $30 of the supplies purchased in e. above to the supplier j. The owner drew $20 cash out of the business to go k. Received a $175 bill for the current month's gas I. The employee had worked one week earning $500, m. Paid for the remainder of the supplies purchased in e. n. Collected $400 plus interest from the note in g. buy some pizza with service. It is not due for 20 days. was fired and paid on the last day of the pay period. above. Remember some were returned above. The payment received consisted of principal and interest and was collected all in one payment. Round your interest amount to the nearest whole o. Made the first $172 monthly payment on the note in b. above. The monthly payment consists of principal and interest. Round your interest amount up to a whole dollar amount. p. Paul performs consulting services and is paid in cash, $300 Paul notes that $120 of the supplies have been used Module Homework 4-6