Please record the following items in journal entry format. Clearly indicate the (a) account name (b) whether it is a (debit) or (credit) and (c) the amount. See my example below:

The firm bought supplies for $6,400 on account.

The firm purchased land for $450,000, $160,000 of which was paid in cash and a note payable signed for the balance.

The firm paid for the supplies ($6,400) purchased on account above.

The firm paid $1,000 for salaries for the month.

The firm accepted cash for repair services made in the amount of $5,000 and billed additional customers for repair services of the amount of $2,500

The firm received cash from customers on account in the amount of $2,000 .

The firm repaid $16,000 of its loan.

The firm paid the rent and utility bill for the month for $2,000

The firm paid a cash dividend of $1,000.

Example: The firm purchased Equipment for $1,000. Clearly indicate the (a) account name (b) whether it is a (debit) or (credit) and (c) the amount

Correct way to answer:

Equipment (debit) $1,000

Cash (credit) $1,000