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Debit and Credit Effect on Transactions Jefferson Framers engaged in the following transactions: a . Purchased land for $ 6 5 , 0 0 0

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Debit and Credit Effect on Transactions
Jefferson Framers engaged in the following transactions:
a. Purchased land for $65,000 cash.
b. Purchased equipment for $26,400 in exchange for a 1-year, 8% note payable.
c. Purchased office supplies on credit for $1,200 from Office Depot.
d. Paid $20,000 principal plus $700 interest on a note payable.
e. Paid an account payable in the amount of $3,550.
f. Provided $61,300 of services on credit.
g. Provided $12,800 of services for cash.
h. Collected $26,910 of accounts receivable.
i. Paid $12,760 of wages in cash.
j. Issued common stock for $45,000 cash.
Required:
Select the correct information for each transaction. Enter the debits before the credits. Transaction a is entered as an exam! g.
h.
i.
j.
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