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Geo Inc. had the following account balances on January 1, Year 2: Accounts Payable $ 740 Accounts Receivable 2,700 Cash 2,700 Common Stock 25,000 Equipment

Geo Inc. had the following account balances on January 1, Year 2: Accounts Payable $ 740 Accounts Receivable 2,700 Cash 2,700 Common Stock 25,000 Equipment 3,900 Note Payable 5,200 Retained Earnings 5,036 Salaries and Wages Expense 5,200 Supplies 2,140 Required: Prepare journal entries for each of the following January activities, and post results to the relevant T-accounts. Compute the ending balance of each T-account. Beginning balances have been entered. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) A. Paid $740 on account for utilities that were used during December Year 1. B. Purchased $508 of supplies for cash. C. Signed a rental agreement for office space and paid $6,900 in advance for six months of rent beginning February 1, Year 2. D. Purchased $20,000 of new equipment, signing a promissory note. E. Provided $34,500 of services. $21,500 was received in cash and $13,000 was provided on credit. F. Paid workers $8,200 for work done in January.

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