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2 [30 points] Record these transactions of the Global Filter Corp. company by recording the debit and credit entries directly in the T-accounts. Use the

2 [30 points] Record these transactions of the Global Filter Corp. company by recording the debit and credit entries directly in the T-accounts. Use the date for each transaction to identify the entries, placing the date in the left-hand cell and the amount in the right- hand cell on the appropriate side of the T-account. Then determine the balance of each account, and write 'Balance' (or 'Bal') next to it, in the left-hand cell on the appropriate side. a. February 2: George Hemphill (a shareholder), received share capital in Global Filter Corp., after investing $20,000 cash and $40,000 worth of equipment in Global Filter Corp. b. February 3 Global Filter Corp. provided $500 of consulting services for a customer who will pay within 30 days. c. February 5: Global Filter Corp. used credit to purchase $4,250 of equipment. d. February 7: The bill for the $1,000 advertising campaign that ran last week was received today and paid. e. February 8: Global Filter Corp. performed consulting services for a customer and received $400. f. February 9: Global Filter Corp. used $750 cash and $2,500 credit to purchase new equipment worth $3,250. g. February 10 Global Filter Corp. received $500 towards payment for the services provided in transaction (b). h. February 11: A bill was received today for last week's $1,000 advertising campaign. It must be paid within 15 days. i. February 12: Global Filter Corp. paid $2,000 for equipment purchased today. j. February 14 Global Filter Corp. paid $1,000 towards the bill from transaction (c)image text in transcribed

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