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Croft Company engoges in the following external transactions for Novembec 1 Putchase equipmentin exchange for cash of $21,800 2. Provide services to customoss ond recelve
Croft Company engoges in the following external transactions for Novembec 1 Putchase equipmentin exchange for cash of $21,800 2. Provide services to customoss ond recelve cash of $6,000 3. Pay the curtent month's rent of $1,000 4. Purchase office supplies on occount for $500 5. Poy employee salaries of $1.200 for the current month. Required: Recotd the tronsoctions. Craft uses the foliowing accounts; Cosh, Supplies, Equlpment, Accounts Payable, Service Revenue, Rent Expense, ond Solarles Expense. (If no entry is required for a trensection/event, select "No Journal Entry Required" in the first. account field.)
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