Assume that the chart of accounts for Roth Co. includes the…

Assume that the chart of accounts for Roth Co. includes the following accounts:  Cash, Accounts Receivable, Equipment, Accounts Payable, Sam Roth, Capital, Sam Roth, Drawing, Fees Earned, Salary Expenses, and Utilities Expense. On July 8, the company received cash from a cash customer for cash job completed $10,000.  Using the chart of accounts above, indicate the account that should be recorded in the Description column of the Journal item (1) as the debit account for the $10,000 amount.                                         JOURNAL                                            page 2   date description p.ref. debit CREDIT 7/08/Y6 (1)   $10,000       (2)     $10,000      

Assume that the chart of accounts for Roth Co. includes the…

Assume that the chart of accounts for Roth Co. includes the following accounts:  Cash, Accounts Receivable, Equipment, Accounts Payable, Sam Roth, Capital, Sam Roth, Drawing, Fees Earned, Salary Expenses, and Utilities Expense. On July 6, the Roth Co. paid creditor on account, $15,000.  Using the chart of accounts above, indicate the account that should be recorded in the Description column of the Journal item (1) as the debit account for the $15,000 amount.                                        JOURNAL                                                  page 2   date description p.ref. debit CREDIT 7/06/Y6 (1)   $15,000       (2)     $15,000