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A. Sold widgets on account in the amount of $220,000. The cost was 50%. B. At January 31 employees earned $20,000 that will not be
A. Sold widgets on account in the amount of $220,000. The cost was 50%.
B. At January 31 employees earned $20,000 that will not be paid until the February 1 payroll
C. The Depreciation Expense needs to be recorded for the $200,000 equipment - assume a five-year life (only one-month depreciation) assume the equipment purchase in January was made at month-end - so not depreciated.
D. Record Dividends paid in the amount of $3000
E. Paid cash of $350,000 to vendor for inventory previously purchased on account.
F. Paid February rent of $5000 in January.
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