1) In 02/02/21, ABC Company purchases $10,000 of Furniture, Chairs and Rugs for the office. Paid $6,000 on account and owe the furniture store $4,000. REQUIRED: Using Proper Form, Record the Journal Entry on page J1 for the purchase.

2) On 02/20/21 B.Cooper, CPA purchases $7,000 of supplies and copy paper On Account, from the local STAPLES store. REQUIRED: Using Proper form, Record the Journal Entry on page J1 of the general Journal.

3) On 01/25/21, Joe Smith borrowed $15,000 CASH from Citibank and in exchange signed a 120 day 8% Note Payable. REQUIRED: Using Proper Form, Record the Journal Entry on page J1 of the General Journal

4)PREPARATION OF THE INCOME STATEMENT : At Month End 01/31/21, BCooper, CPA had the following account balances in the Trial Balance: Cash $1,400 Accounts Receivable 900 Prepaid Rent 3,600 Equipment 10,000 Accounts Payable 8,000 BCooper, Capital 1,000 Service Revenue 16,800 Insurance expense 2,200 Salary Expense 3,300 Rent Expense 3,600

5)BCooper, recorded the following transaction on 01/15/21 on Page J1 on the general journal: dr. Utilities Expense 1400 cr. Accounts Payable 1400 Required: Using Proper Form, Post the Transaction to A/C # 201 Accounts Payble and Account #521 Utilities Expense. (HINT: DRAW THE "T" ACCOUNTS AND POST THE TRANSACTION !)