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lease, I want a correct and clear solution. Please, I want the solution with focus, because I want it correct. I do not want previous
lease, I want a correct and clear solution. Please, I want the solution with focus, because I want it correct. I do not want previous solutions from chegg. I want the correct solution.
ctions. (Omit explanations.) C. On April 1, Adventures Travel Agency began operations. The following transactions were completed during the month. 1. Owner invested $24,000 in the business. 2. Obtained a bank loan for $7,000 by issuing a note payable. 3. Paid $11,000 cash to buy equipment. 4. Paid $1,200 cash for April office rent. 5. Paid $1,450 for supplies. 6. Purchased $600 of advertising in the Daily Herald, on account. 7. Performed services for $18,000: cash of $2,000 was received from customers, and the balance of $16,000 was billed to customers on account. 8. Cash withdrawal of $400 by owner for personal use. 9. Paid the utility bill for the month, $2,000. 10.Paid Daily Herald the amount due in transaction (6). 11. Paid $40 of interest on the bank loan obtained in transaction (2). 12.Paid employees' salaries and wages, $6,400. 13.Received $12,000 cash from customers billed in transaction (7). Instructions General Journal Credit Debit 25,- 25,000 Date OC+1 Description Cash in Bank Maria, capital Office equipment Maria Capital yoo 400 Octz 3,000 Det. + Compute equipment 3000 12.. octo Cash in Bank Delivery Equipment Accounts payable, North Shore 200 200 350 loct. 11 Account Receivable, Green Company office equipment atir. Account payable, North Shore Cash in Bank Oct. It Cash in Bonk A/R Gree company 35- 266 2o6 Example of a solution
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