Transactions for the Sheldon Cooper Company, which provides welding services, for the month of June are presented as follows. June 1 Sheldon Cooper invests $4,000 cash in exchange for shares of common stock in a small welding business. 2 Purchases equipment on account for $1,200. 3 $800 cash is paid to landlord for June rent. 12 Bills P. Leonard $300 after completing welding work done on account. Identify the accounts to be debited and credited for each transaction. Account Debited Account Credited June 1 select an account debited Cash select an account credited Common Stock 2 select an account debited Equipment select an account credited Accounts Payable 3 select an account debited Rent Expense select an account credited Cash 12 select an account debited select an account credited