For each transaction given, enter in the tabulation given below a "D" for debit and a "C" for credit to reflect the effect of journal entries on the assets, liabilities, and owner's equity accounts. In some cases there may Transactions:
1. Owner invests cash in the business.
2. Pays insurance in advance for six months.
3. Pays secretary's salary.
4. Purchases office supplies on account.
5. Pays electricity bill.
6. Borrows money from local bank.
7. Makes payment on account.
8. Receives cash due from customers.
9. Provides services on account.
10. Owner withdraws assets from the business.

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The Answer of For each transaction given, enter in the tabulation given below a "D" for debit and a "C" for credit to reflect the effect of journal entries on the assets, liabilities, and owner's equity accounts. In some cases there may Transactions:
1. Owner invests cash in the business.
2. Pays insurance in advance for six months.
3. Pays secretary's salary.
4. Purchases office supplies on account.
5. Pays electricity bill.
6. Borrows money from local bank.
7. Makes payment on account.
8. Receives cash due from customers.
9. Provides services on account.
10. Owner withdraws assets from the business.

For Each Transaction Given, Enter in the Tabulation Given Below