Assignment 2: Complete the sentence by writing either DEBIT or CREDIT: 1. DEB

Assignment 2:
Complete the sentence by writing either DEBIT or CREDIT:
1. DEBIT accounts receivable when you render service on accounts.
2. __________accounts payable when you pay your account.
3. __________cash when you pay expenses.
4. __________cash in bank when you deposit money in the bank.
5. __________capital when the owner makes an investment.
6. __________drawing when the owner withdraws money from the business.
7. __________salaries expenses when employees are paid their salaries.
8. __________cash on hand when you render services for cash.
9. __________accounts payable when you buy equipment on account.
10. _________notes receivable when you receive note for services rendered.
11. _________notes receivable when it is paid.
12. _________capital when the owner makes an additional investment.
13. _________service income when you render service for cash.
14. _________service income when you render service on account.
15. _________accounts receivable when you collect an account.
16. _________salaries payable when you pay the salaries unpaid last month.
17. _________due from customers when you render service on account.
18. _________advances to employees when the employees make vales.
19. _________advances to employees when their vales are deducted from their salaries at the end of the month.
20. _________accounts payable when you return defective furniture to the seller.