Answer:
Explanation:
The indications are shown below:
1. Pay a cash dividend = dividend is debited and cash is credited
2. Pay rent in advance for the next three months = Prepaid account is debited and cash is credited
3. Provide services to customers on account = Account receivable is debited and service revenue is credited
4. Purchase office supplies on account = Supplies account is debited and account payable is credited
5. Pay salaries for the current month = Salaries expense is debited and cash is credited
6. Issue common stock in exchange for cash. = cash is debited and common stock is credited
7. Collect cash from customers for services provided in (3) above. = Cash is debited and account relevance is credited
8. Borrow cash from the bank and sign a note = Cash is debited and note payable is credited
9. Pay for the current month's utilities = Utilities expense is debited and cash is credited
10. Pay for office supplies purchased in (4) above = Account payable is debited and cash is credited
