The chart of accounts used by Klear Copy Company is listed below. You are to indicate the proper accounts to

The chart of accounts used by Klear Copy Company is listed below.  You are to indicate the proper accounts to be debited and credited for the following transactions by writing the account number(s) in the appropriate boxes. 

                           CHART OF ACCOUNTS

         101  Cash                      209  Unearned Revenue

         112  Accounts Receivable       301  Klear, Capital

         125  Paper Supplies            306  Klear, Drawing

         157  Copy Machines             400  Photocopy Revenue

         200  Note Payable              610  Advertising Expense

         201  Accounts Payable          729  Rent Expense

                                                                     Number(s)       Number(s)

                                                                ofaccount(s)   of accounts    

                                                                    debited        credited

      1.  Tom Klear invests $90,000

         cash to start the business.

      2.  Purchased three photocopy

          machines for $200,000, paying

          $50,000 cash and signing a 5-year,

          10% note for the remainder.  

      3.  Purchased $5,000 paper supplies

          on credit.  

      4.  Cash photocopy revenue amounted

         to $7,000. 

      5.  Paid $500 cash for radio

          advertising.

      6.  Paid $800 on account for paper

         supplies purchased in trans-

         action 3.

      7.  Owner withdrew $1,500 from the

         business for personal expenses.

      8.  Paid $1,200 cash for rent for

         the current month.

      9.  Received $2,000 cash advance

         from a customer for future

         copying.   

     10.  Billed a customer for $450 for

         photocopy work done.