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Part A The following transactions occurred during January 2016. a. Paid salaries of $15,000 during the month b. Purchased $750 of supplies on credit (record

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Part A The following transactions occurred during January 2016. a. Paid salaries of $15,000 during the month b. Purchased $750 of supplies on credit (record as unused supplies) c. Paid 7,200 cash for equipment d. Invested $10,000 temporarily-idle cash in a term deposit (record as short-term investment) e. Paid $1,200 for a one-year insurance policy, effective January 1 (record as an asset) 1. Collected $6,000 of one-year subscriptions, beginning January 1 (record as unearned subscription revenue) g. Paid $1,500 for January, February, and March rent (record as an asset) h. Collected $600 for sublet of the company's warehouse for January and February (record as unearned rent revenue) Paid $6,000 for a used truck. Part A The following transactions occurred during January 2016. a. Paid salaries of $15,000 during the month b. Purchased $750 of supplies on credit (record as unused supplies) c. Paid 7,200 cash for equipment d. Invested $10,000 temporarily-idle cash in a term deposit (record as short-term investment) e. Paid $1,200 for a one-year insurance policy, effective January 1 (record as an asset) 1. Collected $6,000 of one-year subscriptions, beginning January 1 (record as unearned subscription revenue) g. Paid $1,500 for January, February, and March rent (record as an asset) h. Collected $600 for sublet of the company's warehouse for January and February (record as unearned rent revenue) Paid $6,000 for a used truck

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