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Identify which of the listed events are financial transactions. (Select Yes if it is a financial transaction and No if it is not a
Identify which of the listed events are financial transactions. (Select "Yes" if it is a financial transaction and "No" if it is not a financial transaction.) Sell admission tickets, $110,000, cash Purchase merchandise inventory, $12,000, on account Rent lockers to guests, $550, cash Sign a letter of intent to switch electric suppliers starting in June Yes Yes Yes No Pay employees, $70,000, cash Yes More info Make an offer of employment for a new position in the Merchandise & Games office Borrow money from bank by signing a six-month note, $325,000 No Yes May 1: Sell admission tickets, $110,000, cash Requirement 2. Journalize each of the transactions. (Record debits first, then credits. Exclude explanati fields blank.) May 3: May 6: May 1: Sell admission tickets, $110,000, cash May 8: May 15: Purchase merchandise inventory, $12,000, on account Rent lockers to guests, $550, cash Sign a letter of intent to switch electric suppliers starting in June Pay employees, $70,000, cash Journal Entry May 18: Date May 1 Accounts Debit Credit Make an offer of employment for a new position in the Merchandise & Games office " May 20: Borrow money from bank by signing a six-month note, $325,000 Help me solve this Etext pages Calculator Print Done able and leave all other input Check answer
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