Transactions for the George Lynch Company for the month of June are presented below. Identify the accounts to be debited and credited for each transaction.
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June |
1 |
George Lynch invests $5,000 cash in a small welding business of which he is the sole proprietor. |
|
2 |
Purchases equipment on account for $2,100. |
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|
3 |
$800 cash is paid to landlord for June rent. |
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12 |
Sends a bill to M. Rodero for $300 for welding work performed on account. |