Vicki Lake is a computer consultant. Shown below are (a) several accounts in her ledger with each account preceded by an identification number, and (b) several transactions completed by Lake. Indicate the accounts debited and credited when recording each transaction by placing the proper account identification numbers to the right of each transaction. 
Definitions:
Fixed Costs
Business expenses that remain constant regardless of the volume of goods or services produced, such as rent, salaries, and insurance.
Unit Variable Costs
The cost associated with producing one additional unit of a product or service.
Price Equation
A formula representing the determinants of the price of a good or service, including production costs, competition, demand, and supply.
Setting Prices
The process of determining the value that will be charged for a product or service in the market, taking into consideration factors like cost, competition, and demand.
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