Are my answers right? This is a review for a test..
1.paid supplier 1000 cash on account.
dr supplies
cr common stock
2. equiptment was purshased at a cost of 4000, a 3 month, 6% note payable was signed for this amount.
dr equiptment
cr notes payable
3. received 5000 from customer for services rendered.
dr cash
cr revenues
4.paid 400 cash to the news for advertisements runs this past week.
dr prepaid advertising
cr cash
1.paid supplier 1000 cash on account.
dr supplies
cr common stock
2. equiptment was purshased at a cost of 4000, a 3 month, 6% note payable was signed for this amount.
dr equiptment
cr notes payable
3. received 5000 from customer for services rendered.
dr cash
cr revenues
4.paid 400 cash to the news for advertisements runs this past week.
dr prepaid advertising
cr cash