Journal Entries (Appendix) Prepare the journal entry to record each of the following independent transactions. (Use the
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Journal Entries (Appendix)
Prepare the journal entry to record each of the following independent transactions. (Use the number of the transaction in lieu of a date for identifi cation purposes.)
1. Services provided on account of $1,530 2. Purchases of supplies on account for $1,365 3. Services provided for cash of $750 4. Purchase of equipment for cash of $4,240 5. Issuance of a promissory note for $2,500 6. Collections on account for $890 7. Sale of capital stock in exchange for a parcel of land; the land is appraised at
$50,000 8. Payment of $4,000 in salaries and wages 9. Payment of open account in the amount of $500 AppendixLO1
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Using Financial Accounting Information The Alternative To Debits And Credits
ISBN: 9780538452748
7th Edition
Authors: Curtis L. Norton, Gary A. Porter
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