Burnley and Co., a graphic design firm, has offices in New York, Texas, California, New Mexico, and New Jersey. Each of these offices is headed by a president who reports directly to Emma Burnley, the CEO.
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Consider the recorded transactions below. Debit Credit 1. Accounts Receivable 9,300 Service Revenue 9,300 2. Supplies 1,350 Accounts Payable 1,350 3. Cash 8,300 Accounts Receivable 8,300 4. Advertising Expense 1,000 Cash 1,000 5.
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