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Match the correct journal entry from the choices below for the following transactions, by placing the appropriate letter next to the journal entry. A Purchased
Match the correct journal entry from the choices below for the following transactions, by placing the appropriate letter next to the journal entry.
A | Purchased supplies on account | |||||||
B | Paid cash for supplies purchased earlier on account | |||||||
C | Paid cash for five months of rent in advance | |||||||
D | Purchased Equipment on account | |||||||
E | Took out a loan, receiving cash from the bank | |||||||
F | Received cash from customer for consulting services rendered during the month | |||||||
G | Received cash from customer for services expected to be provided over the next six months | |||||||
H | Record owner withdrawal |
Debit Credit
1. ___ Equipment 10,000
Accounts Payable 10,000
2. ___ Cash 20,000
Consulting Revenue 20,000
3. ___ Accounts Payable 1,200
Cash 1,200
4. ___ Owner's Withdrawal 2,000
Cash 2,000
5. ___ Supplies 12,000
Accounts Payable 12,000
6. ___ Prepaid Rent 5,000
Cash 5,000
7.___ Cash 18,000
Loan Payable 18,000
8. ___ Cash 60,000
Unearned Revenue 60,000
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