Transactions for the Tage Oslo Company for the month of June are presented below. Identify the accounts to be debited and credited for each transaction.
June 1 Tage Oslo invests $5,000 cash in a small welding business of which he is the sole proprietor.
2 Purchases equipment on account for $2,400.
3 $800 cash is paid to landlord for June rent.
12 Sends a bill to J. Kronsnoble for $300 for welding work performed on account.