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Can someone help me and check this for me please. I also have no idea with letter E. Can you guys also make t accounts,
Can someone help me and check this for me please. I also have no idea with letter E.
Can you guys also make t accounts, it's part of the same problem.
Thanks in advance
Geo Inc. had the following account balances on January 1, Year 2: Accounts Payable 698 Accounts Receivable 1,300 Cash 1,300 Common Stock 10.000 Equipment 1,100 2,400 Note Payable Retained Earnings 3.286 Salaries and Wages Expense 3.800 Supplies 460 Required: Prepare journal entries for each of the following January activities, and post results to the relevant T. accounts. Compute the ending balance of each account. Beginning balances have been entered. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) A. Paid $698 on account for utilities that were used during December Year 1. B. Purchased S438 of supplies for cash. C. Signed a rental agreement for office space and paid $4,100 in advance for six months of rent beginning February 1, Year 2. D. Purchased $13,000 of new equipment, signing a promissory note. E. Provided $27,500 of services. $17,500 was received in cash and $10,000 was provided on credit. F. Paid workers S5,400 for work done in January. view transaction list journal entry worksheet Transaction General Journal Debit Credit 698 Utilities Expense Accounts payable 698 B. Supplies 438 Cash 438 C. Prepaid Rent 4,100 Cash 4,100 D Equipment 13,100 Notes Payable 13,000 E 17,500 Notes Payable 10,000 27,500 Service RevenueStep by Step Solution
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