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Benson Company engages in the following external transactions for November. Purchase equipment in exchange for cash of $ 2 2 , 5 0 0 .
Benson Company engages in the following external transactions for November. Purchase equipment in exchange for cash of $ Provide services to customers and receive cash of $ Pay the current month's rent of $ Purchase office supplies on account for $ Pay employee salaries of $ for the current month. Required: Record the transactions. Benson uses the following accounts: Cash, Supplies, Equipment, Accounts Payable, Service Revenue, Rent Expense, and Salaries Expense. If no entry is required for a transactionevent select No Journal Entry Required" in the first account field.
Benson Company engages in the following external transactions for November.
Purchase equipment in exchange for cash of $
Provide services to customers and receive cash of $
Pay the current month's rent of $
Purchase office supplies on account for $
Pay employee salaries of $ for the current month.
Required:
Record the transactions. Benson uses the following accounts: Cash, Supplies, Equipment, Accounts Payable, Service Revenue, Rent Expense, and Salaries Expense. If no entry is required for a transactionevent select No Journal Entry Required" in the first account field.
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