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Davidson, Inc. incurred the following transactions during the month of January 2012. a. On January 3rd a one-year insurance policy was purchased for $2, 400.
Davidson, Inc. incurred the following transactions during the month of January 2012. a. On January 3rd a one-year insurance policy was purchased for $2, 400. The account number for prepaid Insurance is 16. b. On January 5th Davidson received a payment on account from Pusher Industries of $625. c. On January 12th Davidson made sales on account of S3, 5OO and sales for cash of $2, 300. The Fees Earned account number is 41. d. On January 26th Davidson received $1, 250 in rent revenue from a tenant who leases a portion of their building. The Rent Revenue account number is 44. e. On January 29th Davidson received a payment on account from Gooden, Inc. for $2,000. Record the appropriate ones in the Cash receipts journal. Ignore posting references. If an amount box does not require an entry, leave it blank or enter "0". If a transaction should not be recorded in the Cash receipts journal, indicate where it should be posted. The input in the box below will not be graded, but may be reviewed and considered by your instructor
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