Craft Company engages in the following external transactions for November.

Purchase equipment in exchange for cash of $$21,400.$

Provide services to customers and receive cash of $$5,000.$

Pay the current month's rent of $$1,500.$

Purchase office supplies on account for $$1,400.$

Pay employee salaries of $$1,900$ for the current month.

Required:

Record the transactions. Craft uses the following accounts: Cash, Supplies, Equipment, Accounts Payable, Service Revenue, Rent Expense, andSalaries Expense. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

Purchase equipment in exchange for cash of $$21,400.$

Note: Enter debits before credits.

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