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How would you journalize the following: Entry # Date Description 1 Jan 2 Paid January rent of $4,000. 2 Jan 4 Performed $28,000 services on
How would you journalize the following:
Entry # Date Description
1 Jan 2 Paid January rent of $4,000.
2 Jan 4 Performed $28,000 services on account.
3 Jan 6 Paid $8,000 of current month salaries.
4 Jan 9 Purchased supplies for $3,000 on account. (use Supplies asset account)
5 Jan 11 Collected $16,000 from customers on account.
6 Jan 13 Purchased equipment for $12,000 using a long-term note payable.
7 Jan 16 Issued $7,500 of common stock.
8 Jan 19 Paid $2,000 of dividends.
9 Jan 25 Paid $2,500 of accounts payable.
10 Jan 28 Paid $1,000 of long-term note.
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