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How would I record these transactions? Reorived a mediately check No. 72. Jen recorded the first sis month policy Insurance Expense, but you think it
How would I record these transactions?
Reorived a mediately check No. 72. Jen recorded the first sis month policy Insurance Expense, but you think it is better to record and then adjust it at the end of each month Received a six-month advertising renewal from Ray Vill Advertising Agmoy for mediately, Check No. 73. Jen also recorded the previous advertisin as Advertising Expensat, but like the insurance policy you will record it as Prepa Advertising on payments and then adjust it at the end of each month. Recommended to the owner, Jen Beck, that she put some ofthe eash into a Mon earm interest Jen agrees Create the general ledger acco Market account that 030 Money Market and transfer ST 000 into the sceount. Jul 3 Purchased $500 ofoffice supplies on account from the Office Supply store, the Invoice No. 285. Nel 30 Drys. Jen previously recorded this type of purchase Supplies Expense, but you record it in the asset account omice Suppl Jul 3 Purchased 25 cans of tennis balls frum Sporting Goods, Inc. at S2 per can, paid immediately, Check No. Provided 2 hours of tennis lessons (owner) at S2s each and 2 hours of tennis co services at S30 each on aocount to the Davis Family, Invoice No. 1150. Net 30 Jul 5 Sold 4 tennis racquets for $100 each and 4 tennis outfits for $30 each on accou the Grisham Family, Invoice No. 0,Net 30 Days. ehensiveStep by Step Solution
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