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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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