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assignment 1) May1, purchased new equipment, paying cash $25,000 and signing a 90-days note payable for the balance of $87,500 2) May2nd,Purchased 12 month of
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1) May1, purchased new equipment, paying cash $25,000 and signing a 90-days note payable for the balance of $87,500 2) May2nd,Purchased 12 month of insurance to begin May2, paid $1800 3) May3rd, Completed a design service for a customer today and received $6000 4) May 4,Purchase office supplies on Account $3750 5) May6, Returned supplier $500 of defective office supplies purchased on May4 6)May 10, provided services to a client on account $11,500 7) May15, paid for May4 purcahse less the return of Ma 8) May20, Received payment from the client of May10 9) May25, Received cash of $600 from a client for work to be done in June 10) May31, paid month-end salaries of $47,000 11) May31, paid the May Telephone bill for $2,250 12) May31, received May electrical bill today $900, it will be paid on Jun15Step by Step Solution
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