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Event Date Description of Event 1 3-Jan Employees are paid monthly on the first business day of the month for work done in the previous

Event Date Description of Event
1 3-Jan Employees are paid monthly on the first business day of the month for work done in the previous month. (Ignore payroll taxes for this assignment.) Accounting wrote and distributed the paychecks.
2 5-Jan Purchased $10,000 of raw materials and supplies from Dallas Bike Basics on credit for raw material.
3 6-Jan Purchased $7,500 of specialized tools and equipment from Space Bike Composites on credit.
4 7-Jan Paid $2,500 in cash to Dallas Bike Basics for advertising services to promote the bicycle accessories.
5 10-Jan GBI updates its utility account monthly after meter readings, accruing expenses by December 31st for accurate period recognition. Payments are handled through the automatic bill pay.

I need to make general journal entries to record these transactions if applicable.

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