In parallel columns, list the accounts that would be debited and credited for each of the following unrelated transactions:

1. Acquired cash from the issue of common stock.

2. Provided services for cash.

3. Paid cash for salaries expense.

4. Purchased supplies for cash.

5. Paid in advance for two-year lease on office space.

6. Provided services on account.

7. Recognized expense for prepaid rent that had been used up by the end of the accounting period.

8. Recorded accrued salaries at the end of the accounting period.

1) Acquired cash from the issue of common stock:

Debit; Cash

Credit; Common stock

2) Provided services for cash:

Debit; Cash

Credit; Service revenue

3) Paid cash for salaries expense:

Debit; Salaries expense

Credit; Cash

4) Purchased supplies for cash:

Debit; Supplies

Credit; Cash

5) Paid in advance for two-year lease on office space:

Debit; Office space (prepayment)

Credit; Cash

6) Provided services on account:

Debit; Service expense

Credit; Account payable

7) Recognized expense for prepaid rent that had been used up by the end of the accounting period:

Debit; Rent expense

Credit; Prepaid rent

8) Recorded accrued salaries at the end of the accounting period:

Debit; Salaries expense

Credit; Salaries payable