Question
He Saved Craft Company engages in the following external transactions for November. 1. Purchase equipment in exchange for cash of $20,600. 2. Provide services
He Saved Craft Company engages in the following external transactions for November. 1. Purchase equipment in exchange for cash of $20,600. 2. Provide services to customers and receive cash of $4,600. 3. Pay the current month's rent of $1,100. 4. Purchase office supplies on account for $700. 5. Pay employee salaries of $1,600 for the current month. Required: Record the transactions. Craft uses the following accounts: Cash, Supplies, Equipment, Accounts Payable, Service Revenue, Rent Expense, and Salaries Expense. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 Purchase equipment in exchange for cash of $20,600. Note: Enter debits before credits. Transaction General Journal 26 Debit Credit < Previ 2 of 8 Next >
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