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1) On October 1, C. R. Byrd invests 10,000 cash in an advertising company called Yazici Advertising. 2) On October 1, Yazici purchases office
1) On October 1, C. R. Byrd invests 10,000 cash in an advertising company called Yazici Advertising. 2) On October 1, Yazici purchases office equipment costing 5,000 by signing a 3- month, 12%, 5,000 note payable. 3) On October 2, Yazici receives a 1,200 cash for advertising services that are expected to be completed by December 31. 4) On October 3, Yazici pays office rent for October in cash of 900. 5) On October 4, Yazici pays 600 for a one-year insurance policy that will expire next year on September 30. 6) On October 5, Yazici purchases a 3-month supply of advertising materials on account from Aero Supply for 2,500. 7) On October 20, C. R. Byrd withdraws 500 cash for personal use. 8) On October 26, Yazici owes employee salaries of 4,000 and pays them in cash (see October 9 event). 9) On October 31, Yazici receives 10,000 in cash from Copa Company for advertising services performed in October. Required: 1- journalize these transactions 2- post these transactions 3- prepare trail balance (before adjustments) 4- consider the adjustments
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1 Oct 1 Yazici purchases office equipment by signing a 3month 12 5000 note payable Oct 2 Yazici receives a 1200 cash for advertising services that are ...Get Instant Access to Expert-Tailored Solutions
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