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Kross, Inc., provides appraisals and feasibility studies. On January 1 , its beginning account balances are as follows: Cash, $ 2 4 , 2 0
Kross, Inc., provides appraisals and feasibility studies. On January its beginning account balances are as follows: Cash, $; Accounts Receivable, $; Notes Payable, $; Accounts Payable, $; Retained Earnings, $; and Common Stock, $ The following transactions occurred during January, and company accounts included the following: Cash, Accounts Receivable, Vehicles, Accounts Payable, Notes Payable, Services Revenue, Rent Expense, Interest Expense, Salary Expense, Utilities Expense, Common Stock, and Retained Earnings. Paid $ cash for January rent shortterm lease months Received $ cash on customers' accounts. Paid $ cash toward accounts payable. Received $ cash for services performed for customers. Borrowed $ cash from bank and signed note payable for that amount. Billed the city $ for services performed and billed other credit customers $ in services. Paid $ cash for salary of assistant. Received $ invoice for January utilities expense. Declared and paid a $ cash dividend. Paid $ cash to acquire a vehicle on January for business use. Paid $ cash to bank for January interest on notes payable a Prepare journal entries for each of the transactions through b Post the journal entries to the Taccounts.
Kross, Inc., provides appraisals and feasibility studies. On January its beginning account balances are as follows: Cash, $; Accounts Receivable, $; Notes Payable, $; Accounts Payable, $; Retained Earnings, $; and Common Stock, $ The following transactions occurred during January, and company accounts included the following: Cash, Accounts Receivable, Vehicles, Accounts Payable, Notes Payable, Services Revenue, Rent Expense, Interest Expense, Salary Expense, Utilities Expense, Common Stock, and Retained Earnings.
Paid $ cash for January rent shortterm lease months
Received $ cash on customers' accounts.
Paid $ cash toward accounts payable.
Received $ cash for services performed for customers.
Borrowed $ cash from bank and signed note payable for that amount.
Billed the city $ for services performed and billed other credit customers
$ in services.
Paid $ cash for salary of assistant.
Received $ invoice for January utilities expense.
Declared and paid a $ cash dividend.
Paid $ cash to acquire a vehicle on January for business use.
Paid $ cash to bank for January interest on notes payable
a Prepare journal entries for each of the transactions through
b Post the journal entries to the Taccounts.
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