For each transaction given, enter in the tabulation given below a "D" for debit and a "C" for credit to reflect the increases and decreases of the assets, liabilities, and owner's equity accounts. In some cases there may be a "D" and a "C" in the same column. If there is not a transaction which needs to be recorded, leave the column blank.
Transactions:
1. Owner invests cash in the business.
2. Pays insurance in advance for six months.
3. Hires new administrative assistant.
4. Purchases office supplies on account.
5. Pays electricity bill.
6. Borrows money from local bank.
7. Makes payment on account.
8. Receives cash from customers on account.
9. Provides services to customers on account.
10. Owner withdraws assets from the business.

Question

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The Answer of For each transaction given, enter in the tabulation given below a "D" for debit and a "C" for credit to reflect the increases and decreases of the assets, liabilities, and owner's equity accounts. In some cases there may be a "D" and a "C" in the same column. If there is not a transaction which needs to be recorded, leave the column blank.
Transactions:
1. Owner invests cash in the business.
2. Pays insurance in advance for six months.
3. Hires new administrative assistant.
4. Purchases office supplies on account.
5. Pays electricity bill.
6. Borrows money from local bank.
7. Makes payment on account.
8. Receives cash from customers on account.
9. Provides services to customers on account.
10. Owner withdraws assets from the business.

For Each Transaction Given, Enter in the Tabulation Given Below