In parallel columns, list the accounts that would be debited and credited for each of the following unrelated transactions:

1. Acquired cash from the issue of common stock.
2. Provided services for cash.
3. Paid cash for salaries expense.
4. Purchased supplies for cash.
5. Paid in advance for two-year lease on office space.
6. Provided services on account.
7. Recognized expense for prepaid rent that had been used up by the end of the accounting period.
8. Recorded accrued salaries at the end of the accounting period.

1) Acquired cash from the issue of common stock:

Debit; Cash

Credit; Common stock

2) Provided services for cash:

Debit; Cash

Credit; Service revenue

3) Paid cash for salaries expense:

Debit; Salaries expense

Credit; Cash

4) Purchased supplies for cash:

Debit; Supplies

Credit; Cash

5) Paid in advance for two-year lease on office space:

Debit; Office space (prepayment)

Credit; Cash

6) Provided services on account:

Debit; Service expense

Credit; Account payable

7) Recognized expense for prepaid rent that had been used up by the end of the accounting period:

Debit; Rent expense

Credit; Prepaid rent

8) Recorded accrued salaries at the end of the accounting period:

Debit; Salaries expense

Credit; Salaries payable

answer; /// i believe the correct answer is (market share); good luck

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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