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Blossom Company had the following transactions. 1 Borrowed $7,102 from the bank by signing a note 2. Paid $3,551 cash for a computer. 3. Purchased
Blossom Company had the following transactions. 1 Borrowed $7,102 from the bank by signing a note 2. Paid $3,551 cash for a computer. 3. Purchased $639 of supplies on account. (a) Under the Debit Analysis and Credit Analysis columns, indicate what Accounts are increased and decreased by each transaction. Debit Analysis Credit Analysis 1. 2. 3. (b) Journalize each transaction. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter O for the amounts.) No. Account Titles and Explanation Debit Credit 1. 3
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