Question
Journalize the five transactions for Mirmax Rentals described below. August 1 Mirmax purchases two new saws on credit at $425 each. The saws are added
Journalize the five transactions for Mirmax Rentals described below. August 1 Mirmax purchases two new saws on credit at $425 each. The saws are added to Mirmaxs rental inventory. Payment is due in 30 days. 8 Mirmax accepts advance deposits for tool rentals of $125 that will be applied to the cash rental when the tools are returned. 15 Mirmax receives a bill from Macon Utility Company for $180. Payment is due in 30 days. 20 Customers are charged $1,250 by Mirmax for tool rentals. Payment is due from the customers in 30 days. 31 Mirmax receives $600 in payments from the customers that were billed for rentals on August 20. Aug. 1 Aug. 8 Aug. 15 Aug. 20 Aug. 31
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