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2) Frank Arzillo opened the K Arzillo opened the Arzillo TV Repair Shop on November 1. On the form below Journalize the November transactions, using
2) Frank Arzillo opened the K Arzillo opened the Arzillo TV Repair Shop on November 1. On the form below Journalize the November transactions, using appropriate accounts. Nov. 1 Arzillo invested $5000 cash in the business. 1 Borrowed $6000 from Royal Bank 2 Purchased equipment for $4000 (analysis kit) Cheque 1. 4 Received $ 700 cash for repair services performed, Cash Sales Slips 1-5. 5 Paid $300 for advertising in the Kingston Whig Standard, Cheque 2. 6 Charged supplies worth $300 with Electronics Co. Ltd., Invoice 4264. 8 Repaired TV set for V. Milligan, who will pay $40 fee at a later date, Invoice 1. 9 Paid $100 to reduce the amount owing to Electronics Co. Ltd., Cheque 3. 10 Bought a $17 000 station wagon for the business. Paid $3000 as a down payment to Learn Motors, Cheque 4. The balance owing is $14 000. 15 Received $40 from V. Milligan for Invoice 1
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