Record the transactions below for Dejonge Company by recording the debit and credit entries di rectly in

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Record the transactions below for Dejonge Company by recording the debit and credit entries di¬ rectly in the following T-accounts: Cash; Accounts Receivable; Office Supplies; Office Equipment; Accounts Payable; Dejonge, Capital; Dejonge, Withdrawals; Fees Earned; and Rent Expense. Use the letters beside each transaction to identify entries. Determine the ending balance of each T-account.

a. Robert Dejonge invested $12,750 cash in the business.

b. Purchased office supplies for $375 cash.

c. Purchased $7,050 of office equipment on credit.

d. Received $1,500 cash as fees for services provided to a customer.

e. Paid $7,050 cash to settle the payable for the office equipment purchased in transaction c.

f. Billed a customer $2,700 as fees for services provided.

g. Paid the monthly rent with $525 cash.

h. Collected $1,125 cash toward the account receivable created in transaction/.

i. Dejonge withdrew $1,000 cash for personal use.

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Fundamental Accounting Principles

ISBN: 9780072946604

17th Edition

Authors: Kermit D. Larson, John J Wild, Barbara Chiappetta

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