Listed below are accounts to use for transactions (a) through (d), each identified by a number. Following this list are the transactions. You are to indicate for each transaction the accounts that should be debited and credited by placing the account number(s) in the appropriate box.
Definitions:
London Drugs
A Canadian retail store chain specializing in pharmaceuticals, electronics, cosmetics, and a range of household goods.
Operating Expenses
Ongoing costs for running a business, excluding the cost of goods sold but including items like rent and salaries.
Digital Cameras
Electronic devices that capture and store photographs in digital format, allowing easy storage, viewing, and sharing.
Retail Price
The selling price of goods or services to the end consumer, typically including costs and markup.
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