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GENERAL JOURNALS: 11 Company received cash $3,000 for providing services 21 Owner invested additional $10,000 to company 31 Company purchased supplies $500 on account 4
GENERAL JOURNALS: 11 Company received cash $3,000 for providing services 21 Owner invested additional $10,000 to company 31 Company purchased supplies $500 on account 4 Company received cash $15,000 in advance for future project. 5 Company received the bill from advertising company $800 and will pay later. 61 Company pay rental expenses $5,000, utilities expenses $500, salaries expenses $3,000, insurance $500 71 Company sold 100 units with total amount $1,000. stomer will pay next month 8] Company borrow money $3,000, interest rate 4% for business purpose 91 Owner withdraw $1,500 for personal use. 10 Company purchased machinery $ 8,000 Instructions: Please classity each transaction and post to the basic accounting equation I will prepare the first transaction as example: Asset + Cash $3,000 Liability + Equity Services +3,000
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