Determine the accounts and amounts to be debited and credited for the following transactions for Madison's Clock Repair.
A. Purchased new equipment for $3,400 by issuing a check for $1,400 as a down payment with the balance due in 30 days.
B. Returned damaged supplies and received a $80 cash refund.
C. Purchased supplies for $300 on account.
D. Provided services for $8,600 on credit.
E. Issued a check for $700 to pay a creditor on account.
F. Issued checks for $3,800 to pay the employees their monthly salaries.
G. Issued a check for $180 to pay the monthly telephone bill

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The Answer of Determine the accounts and amounts to be debited and credited for the following transactions for Madison's Clock Repair.
A. Purchased new equipment for $3,400 by issuing a check for $1,400 as a down payment with the balance due in 30 days.
B. Returned damaged supplies and received a $80 cash refund.
C. Purchased supplies for $300 on account.
D. Provided services for $8,600 on credit.
E. Issued a check for $700 to pay a creditor on account.
F. Issued checks for $3,800 to pay the employees their monthly salaries.
G. Issued a check for $180 to pay the monthly telephone bill

Determine the Accounts and Amounts to Be Debited and Credited