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AT&T Inc. had the following transactions in May 2024: Received $300,000 in cash from customers for services rendered. Paid $50,000 in cash for office rent.
AT&T Inc. had the following transactions in May 2024:
- Received $300,000 in cash from customers for services rendered.
- Paid $50,000 in cash for office rent.
- Purchased equipment worth $80,000 on credit.
- Paid $20,000 in cash for utilities.
- Issued common stock for $100,000 in cash.
Record these transactions in the general journal.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
