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2 Completed a consulting engagement and received cash of $5,700. 2 Prepaid three months office rent, $2,400 7 Purchased 50 units software inventory on account,
2 Completed a consulting engagement and received cash of $5,700. 2 Prepaid three months office rent, $2,400 7 Purchased 50 units software inventory on account, $1,050, plus Jan. freight in, $50. 18 Sold 40 software units on account, $2,625 (cost $880) 19 Consulted with a client for a fee of $2,500 on account. 20 Paid employee salaries, $1,885, which includes accrued salaries from December. 21 Paid on account, $1,100 22 Purchased 185 units software inventory on account, $4,810. 24 Paid utilities, $375. 28 Sold 135 units software for cash, $5,265 (cost $3,470). 31 Recorded the following adjusting entries: a. Accrued salaries expense, $775 b. Depreciation on Equipment, $60; Depreciation on Furniture, $50 c. Expiration of prepaid rent, $800 d. Physical count of software inventory, 50 units, $1,300
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