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**All these are one question. Please full calculation and explanation. Abe Factor opened a new accounting practice called X-Factor Accounting and completed these activities during
**All these are one question. Please full calculation and explanation.
Abe Factor opened a new accounting practice called X-Factor Accounting and completed these activities during March 2017 Problem 2-4A Preparing general journal entries LO3,5 Invested $50,000 in cash and office equipment that had a fair value of $12.000. 1 Prepaid $,000 cash for three months' rent for an office. 3 Mar. 1 Made credit purchases of used office equipment for $6,000 and office supplies for $1.200. 5 Completed work for a client and immediately received $6,200 cash. Completed a $4,000 project for a client, who will pay within 30 days. 4 11 Paid the account payable created on March 3 15 Paid $3,000 cash for the annual premium on an insurance policy. 20 Received $1,500 as partial payment for the work completed on March q 22 Placed an order with a supplier for $4.800 of supplies to be delivered April 7. They must be paid for within 15 days of being received. Completed work for another client for $2,850 on credit. 23 27 30 Purchased $650 of additional office supplies on credit. 31 Paid $860 for the month's utility bill. Abe Factor withdrew $3,600 cash from the business to pay some personal expensesStep by Step Solution
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