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