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Exercise 2-8 Record transactions (LO2-4) Terapin Company engages in the following external transactions for November 1. Purchase equipment in exchange for cash of $23,300 2.

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Exercise 2-8 Record transactions (LO2-4) Terapin Company engages in the following external transactions for November 1. Purchase equipment in exchange for cash of $23,300 2. Provide services to customers and receive cash of $5,400. 3. Pay the current month's rent of $1,300. 4. Purchase office supplies on account for $1,600 5. Pay employee salaries of $2,300 for the current month. Required: Record the transactions. (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Purchase equipment in exchange for cash of $23,300. Note: Enter debits before credits. General Journal Debit Credit Record entry Clear entry View general Journal

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