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2. Prepare journal entries to record the following transactions for a service company. A. Purchased equipment on account for $2,800. B. Paid creditor for part
2. Prepare journal entries to record the following transactions for a service company. A. Purchased equipment on account for $2,800. B. Paid creditor for part of the equipment purchase, $1,600 C. Issued common stock for cash, $15,000 D. Billed a customer for services provided, $950 E. Purchased land for cash, $20,000 F. Provided services to a customer for cash, $555
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