After operating for several months, architect Gwen Markum completed the following transactions during the latter part of
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Jul 15 Borrowed $34,000 from the bank, signing a note payable.
22 Performed service for clients on account totaling $8,500.
28 Received $6,500 cash on account from clients.
29 Received a utility bill of $700, an account payable that will be paid during August.
31 Paid monthly salary of $3,100 to employee.
Journalize the transactions of Gwen Markum, Architect. Include an explanation with each journal entry.
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Related Book For
Financial accounting
ISBN: 978-0136108863
8th Edition
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
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