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After operating for several months, artist Kyle Farnsworth completed the following transactions during the latter part of January January 15 Borrowed $25,000 from the bank,
After operating for several months, artist Kyle Farnsworth completed the following transactions during the latter part of January January 15 Borrowed $25,000 from the bank, signing a note payable January 22 Painted a portrait for a client on account totalling $9.000 January 28 Received $6,100 cash on account from clients January 29 Received a utility bill of $800, which will be paid during February January 30 Paid monthly salary of $2.600 to gallery assistant Journalize the transactions of Kylo Farnsworth Artist Include an explanation with each journal entry Journalize the transaction of Kyle Famsworth, Arist. Include an explanation with each journal entry. (Record debits first, then credits. Enter explanations on the last line.) January 15. Kyle Famsworth borrowed $25.000 from the bank signing a note payable Accounts and Explanations Jan. 15 Date Debit Credit
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