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Bruce bach owns Biotech Fitness Centre, which showed the following selected transactions for the month ended May 31, 2020 May 1 Purchased new equipment, paying
Bruce bach owns Biotech Fitness Centre, which showed the following selected transactions for the month ended May 31, 2020 May 1 Purchased new equipment, paying cash of $14,700 and signing . 90-day note payable for the balance of $39,000 2 Purchased 12 months of insurance to begin May 2 paid $28,200. 3 Completed a fitness contract for group of clients today and received $6,700. 4 Purchased office supplies on account: 34,100. 6 Returned to the supplier $820 of detective office supplies purchased on May 4, 10 Provided services to a client today on account: $12,200. 15 Paid for the May 4 purchase less the return of May 6. 20 Received payment from the client of May 10. 25 Received cash of $3,200 from a client for work to be done in June. 31 Paid month-end salaries of 554,000. 31 Paid the May telephone bill today, $2,600 31 Received the May electrical 111 today: 53,000. It will be paid on June 15. Required: Prepare journal entries for each of the above transactions. H. View transaction list Journal entry worksheet
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