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I need help with this problem for accounting, your help will be greatly appreciated! Thanks so much Transactions for the Pharoah Company for the month
I need help with this problem for accounting, your help will be greatly appreciated! Thanks so much
Transactions for the Pharoah Company for the month of November are presented below. 1. 2. 3. 4. 5. Stockholders invested an additional $43,000 cash in the business. Purchased land costing $18,300 for cash. Purchased equipment costing $55,000 for $5,000 cash and the remainder on credit. Purchased supplies on account for $650. Paid $3,200 for a one-year insurance policy. Received $2,400 cash for services performed. Received $4,200 for services previously performed on account. Paid wages to employees for $2,500. Paid dividends to stockholders of $450. 6. 7. 8. 9. Journalize each transaction and identify each transaction by number. You may omit journal explanations. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. 6. 7. 8Step by Step Solution
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