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. Purchased $130 worth of supplies on credit.
C. The owner made an additional investment of $5,000 in cash.
D. Sent a $75 check to the utility company to pay the monthly bill.
E. Performed services for cash in the amount of $1,200.
F. Provided services on credit in the amount of $800.
G. Purchased new equipment for $300 and paid for it immediately by check.
H. Issued a $1,000 check to pay a creditor on account.
I. Collected $500 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. Purchased $130 worth of supplies on credit.
C. The owner made an additional investment of $5,000 in cash.
D. Sent a $75 check to the utility company to pay the monthly bill.
E. Performed services for cash in the amount of $1,200.
F. Provided services on credit in the amount of $800.
G. Purchased new equipment for $300 and paid for it immediately by check.
H. Issued a $1,000 check to pay a creditor on account.
I. Collected $500 from credit customers.

Determine the Accounts and Amounts to Be Debited and Credited