The Following Is a Series of Accounts for the Sprinkler

question 3

Essay

The following is a series of accounts for the Sprinkler Blowout Company,listed alphabetically and numbered for identification.Following the accounts is a series of transactions.For each transaction,indicate the account(s)that should be debited and credited by entering the appropriate account number(s)to the right of each transaction.If no journal entry is needed,write none after the transaction.
$$\begin{array} { | l | l | l | l | } \hline\text { Acct.\# } & \text { Accuunt Title } & \text { Acct.\# } & \text { Accuunt Title } \\\hline 1 & \text { Accounts payable } & 9 & \text { Land } \\\hline 2 & \text { Accounts receivable } & 10 & \text { Note payable } \\\hline 3 & \text { Advertising expense } & 11 & \text { Prepaid insurance } \\\hline 4 & \text { Building } & 12 & \text { Service reverue } \\\hline 5 & \text { Cash } & 13 & \text { Supplies } \\\hline 6 & \text { Contributed capital } & 14 & \text { Supplies expense } \\\hline 7 & \text { Income taxes payable } & 15 & \text { Wages expense } \\\hline 8 & \text { Irsurance expense } & 16 & \text { Wages payable } \\\hline\end{array}$$

$$\begin{array} { | l | l | l | } \hline \text { Tranfactions } & \text { Debit } & \text { Credit } \\\hline \text { A .Performed service for customers this month for cash. } & & \\\hline \text { B. Purchared on credit but did not use supplies this month. } & & \\\hline \text { C. Purchased a building, paying part cash and sigring a note for the } & & \\\hline \text { Pest. } & & \\\hline \text { D. Paid insurance preriiun for coverage begirning next month. } & & \\\hline \text { E. Booked blowouts to be done next monthr, didn't collect cash. } & & \\\hline\end{array}$$

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Definitions:

Western Conceptions

Ideas, philosophies, and understandings that have their origins or are primarily developed and accepted in the Western world, encompassing views on society, ethics, governance, and more.

Karl Marx

A 19th-century philosopher, economist, and revolutionary socialist known for his critique of capitalism and development of historical materialism.

Opium of the People

A term coined by Karl Marx, referring to religion as something that provides comfort to the oppressed masses with an illusion of happiness, pacifying them and detracting from actual worldly sufferings.

Transcendent

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