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1) May1, purchased new equipment, paying cash $25,000 and signing a 90-days note payable for the balance of $87,500 2) Purchased 12 month of insurance
1) May1, purchased new equipment, paying cash $25,000 and signing a 90-days note payable for the balance of $87,500 2) Purchased 12 month of insurance to begin May2, paid $1800 3)Completed a design for a customer today and received $6000 4) May 4, Purchase office supplies on Account $3750 5) May6, Returned supplier $500 of defective office supplies purchased on May4 6) May 10, provided services to a client on account $11,500 7) May 15, paid for May4 purchase less the return of May6 8) May20, Received payment from the client of May10 9)May25, Received cash of $600 from a client for work to be done in June
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