After operating for several months, architect Donovan Freeman completed the following transactions during the latter part of
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After operating for several months, architect Donovan Freeman completed the following transactions during the latter part of July:
Journalize the transactions of Donovan Freeman, Architect. Include an explanation with each journal entry.
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Borrowed $64,000 from the bank, signing a note payable. Jul 15 Performed services on account for clients totaling $17,300. 28 Received $16,000 cash on account from clients. 29 Received and paid a utility bill of $1,800. Paid monthly salaries of $10,000 to employees. 22 31
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Journal DATE ACCOUNT TITLES AND EXPLANATION DEBIT CREDIT July 15 Cash 64000 Not...View the full answer
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Related Book For
Financial Accounting
ISBN: 978-0134725987
12th edition
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
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