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Fill in the correct accounting data (double entry/credit debit) that will correspond to the given transactions. Please help me in my practice exercise in accounting.
Fill in the correct accounting data (double entry/credit debit) that will correspond to the given transactions. Please help me in my practice exercise in accounting.
a. Paid 3,000 of the outstanding accounts payable b. Received 1,000 on account (part payment) from customers. c. Purchased 2,500 worth of supplies on account d. Returned a defective piece of equipment that was purchased last month and received a cash refund of 12,000 e. Borrowed a 10000 from a supplier, to repay the loan in 30 days. f. Paid creditor 2,000 on account (part payment). g. Purchased equipment for 10000, giving 2000 cash and promising to pay the balance in 60 days h. Bought supplies, paying 1650 cash 1. Received a 2.500 check from customer on account JAN 1. CASH BALANCE 25000 ACCOUNTS RECEIVABLE 4000 SUPPLIES 5,000 EQUIPMENT 60,000 Accounts Payable 9,000 RAMIREZ CAPITAL 85,000 D B c D E F F G H 1 TOTALStep by Step Solution
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