Transactions for the George Lynch Company for the month of June are presented below.
| June 1 |
|
George Lynch invests $5,000 cash in a small welding business of which he is the sole proprietor. |
| 2 |
|
Purchases equipment on account for $2,100. |
| 3 |
|
$800 cash is paid to landlord for June rent. |
| 12 |
|
Sends a bill to M. Rodero for $300 for welding work performed on account. |
Identify the accounts to be debited and credited for each transaction.