Below Is a Chart of Accounts Debit &Nbsp;       Credit         Transaction
________ ________ 1

question 88

Essay

Below is a chart of accounts. Following is a series of transactions. Indicate for each transaction the accounts that should be debited and credited by inserting the proper account number in the space provided.
$$\begin{array} { l l l l } 1100 & \text { Cash } & 3200 & \text { M. Martin, Withdrawals } \\1120 & \text { Accounts Receivable } & 4100 & \text { Legal Fees } \\1210 & \text { Computer Equipment } & 5110 & \text { Salaries Expense } \\2100 &\text { Accounts Payable } & 5120 & \text { Rent Expense } \\3100 & \text { M. Martin, Capital } & 5130 & \text { Advertising Expense }\end{array}$$
Debit         Credit         Transaction
________ ________ 1. Purchased computer equipment on account.
________ ________ 2. Paid salaries for the week.
________ ________ 3. Invested additional cash in the business.
________ ________ 4. Received cash for services performed.
________ ________ 5. Billed a client on account for services performed.
________ ________ 6. Paid accounts payable.
________ ________ 7. Collected accounts receivable.
________ ________ 8. Withdrew cash for personal use.
________ ________ 9. Paid advertising expense.
________ ________ 10. Paid rent expense for the month.

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Definitions:

Yeasts

Microscopic, single-celled fungi that are used in baking and fermentation processes, helping in the leavening of bread and production of alcoholic beverages.

Protozoans

Single-celled eukaryotic organisms, often parasitic and capable of movement, that belong to the kingdom Protista.

Infestation

The presence of a large number of pests or parasites in a particular area or on a host, causing damage or disease.

Outbreak

The sudden start or increase of a disease or illness in a specific area or among a specific group of people.