Question
May 1 Purchased a storage building by obtaining a loan of $5,000.May 6 Provided services to customers for cash, $1,800.May 12 Pay $1,200 in advertising
May 1 Purchased a storage building by obtaining a loan of $5,000.May 6 Provided services to customers for cash, $1,800.May 12 Pay $1,200 in advertising in May.May 17 Repay $1,000 of the amount borrowed on May 1.May 20 Received $3,500 in cash from customers for services provided previously on account.May 28 Purchased office supplies for $800 cash.
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International Accounting
Authors: Timothy Doupnik, Hector Perera
3rd Edition
978-0078110955, 0078110955
