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Given the following partial chart of accounts: Cash (110), Accounts Receivable (111), Supplies (112), and Accounts Payable (210) Complete a transaction analysis chart and journal
Given the following partial chart of accounts: Cash (110), Accounts Receivable (111), Supplies (112), and Accounts Payable (210) Complete a transaction analysis chart and journal entry from the following transaction: June 30, 201X Len Co. purchased supplies for $1,300, paying $100 down and the balance due next month. Begin by completing the transaction analysis chart. Record the journal entry. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date June 30,201 X Account Titles and Description Debit Credit
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