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A company engages in the following external transactions for November 1. Purchase equipment in exchange for cash of $23,700. 2. Provide services to customers and

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A company engages in the following external transactions for November 1. Purchase equipment in exchange for cash of $23,700. 2. Provide services to customers and receive cash of $4,500 3. Pay the current month's rent of $1,100. 4. Purchase office supplies on account for $1.200 5. Pay employee sataries of $2,200 for the current month. Required: Record the transactions. The company uses the following accounts: Cash, Supplies, Equipment, Accounts Payable, Service Revenue, Rent Expense, and Sataries Expense. (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 1 2 3 4 5 > Purchase equipment in exchange for cash of $23,700. Note: Enter debits before credits General Journal Debit Credit Transaction 1 Record entry Clear entry View general Journal Provide services to customers and receive cash of $4,500. Note: Enter debits before credits. General Journal Debit Credit Transaction 2 Record entry Clear entry View general journal

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