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:

Dismissal

The act of terminating an employee's employment due to circumstances such as misconduct, lack of fit, or economic downsizing.

Mistreated

Subjected to bad or inappropriate treatment or behavior.

Career Planning

is the ongoing process of setting individual professional goals and exploring paths to achieve them over the course of one's work life.

Random Opportunistic Way

An approach where decisions and actions are taken spontaneously, capitalizing on unforeseen opportunities without a predetermined strategy.