BE2-1 For each of the following accounts indicate (a) the effect of a debit or credit on the account, and (b) the normal balance: 1. Accounts Payable 2. Advertising Expense 3. Service Revenue 4. Accounts Receivable 5. J. Takamoto, Capital 6. J. Takamoto, Drawings 7. Prepaid Insurance 8. Office Equipment 9. Rent Expense 10. Unearned Revenue 11. Advertising Supplies 12. Notes Payable BE2-2 Transactions for the Ing Company for the month of June are presented below. Identify the accounts to be debited and credited for each transaction. June 1 D. Ing invests $2,000 cash in a small welding business. 2 Buys equipment on account for $900. 3 Pays $500 to landlord for June rent. 12 Bills T. Sargeant $300 for welding work done. BE2-3 A. Fisher has the following transactions during August of the current year. Indicate (a) the basic analysis, and (b) the debit/credit analysis, as illustrated in the chapter. Aug. 1 Opens an office as a financial advisor, investing $6,000 in cash. 4 Pays insurance in advance for six months, $1,800. 16 Receives $900 from clients for services rendered. 27 Pays secretary $500 salary, Ider