Select which account should be debited and which should be credited for the following transactions of hokies company

Exercise 2-7 Associate debits and credits wttn external transactions (L03) Hokies uses the following accounts. Accounts Payable Cash Prepaid Rent Common Stock Salaries Payable Required: Equipment Supplies Rent Expense Notes Payable Salaries Expense Accounts Receivable Utilities Expense Ser,nce Revenue Retained Earnings Dividends Select which accounts should be debited and which should be credited for the following transactions of Hokies company. 10 Example. Purchase equipment in exchange for cash Pay a cash dividend. Pay rent in advance for the next three months. Provide ser,nces to customers on account. Purchase office supplies on account. Pay salaries for the current month Issue common stock in exchange for cash Collect cash from customers for ser,nces provided in (3) above Borrow cash from the bank and sign a note. Pay for the current month's utilities. Pay for office supplies purchased in (4) above Equipment Cash