Determine the accounts and amounts to be debited and credited for the following transactions for Folk Furniture Repair.
A. Issued a check for $950 to pay the monthly rent
B. Issued a $2,000 check to pay a creditor on account.
C. Purchased new equipment for $1,700 and paid $500 immediately by check with the remainder due in 30 days.
D. Provided services on credit in the amount of $1,050
E. Performed services for cash in the amount of $1,200.
F. The owner made an additional investment of $2,000 in cash and $800 in equipment.
G. Purchased $130 worth of supplies on credit.
H. Sent a $110 check to the utility company to pay the monthly bill.
I. Collected $700 from credit customers.

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The Answer of Determine the accounts and amounts to be debited and credited for the following transactions for Folk Furniture Repair.
A. Issued a check for $950 to pay the monthly rent
B. Issued a $2,000 check to pay a creditor on account.
C. Purchased new equipment for $1,700 and paid $500 immediately by check with the remainder due in 30 days.
D. Provided services on credit in the amount of $1,050
E. Performed services for cash in the amount of $1,200.
F. The owner made an additional investment of $2,000 in cash and $800 in equipment.
G. Purchased $130 worth of supplies on credit.
H. Sent a $110 check to the utility company to pay the monthly bill.
I. Collected $700 from credit customers.

Determine the Accounts and Amounts to Be Debited and Credited