Consider each of the following unrelated transactions:a) Issued common stock for cashb) Provided services for cashc) Purchased supplies on accountd) Paid for the supplies purchased abovee) Paid cash dividends to stockholdersRequired:Using the table below, indicate the account that will be debited and the account that will be credited to record each of the transactions.EventAccount DebitedAccount Crediteda)??b)??c)??d)??e)??
What will be an ideal response?
| Event | Account Debited | Account Credited |
| a) | Cash | Common stock |
| b) | Cash | Service revenue |
| c) | Supplies | Accounts payable |
| d) | Accounts payable | Cash |
| e) | Dividends | Cash |
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