Identify the accounts to be debited and credited for each of the following transactions.
1. The owner O. Gulag invested $8000 cash in the business.
2. Purchased supplies on account for $1000.
3. Billed customers $2000 for services performed.
4. Paid salaries of $1200.

Question

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The Answer of Identify the accounts to be debited and credited for each of the following transactions.
1. The owner O. Gulag invested $8000 cash in the business.
2. Purchased supplies on account for $1000.
3. Billed customers $2000 for services performed.
4. Paid salaries of $1200.

Identify the Accounts to Be Debited and Credited for Each