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Please answer part 1 and 2. I would like to check what I did right and wrong. A company has the following transactions during May:
Please answer part 1 and 2. I would like to check what I did right and wrong.
A company has the following transactions during May: May 1 |May 6 May 12 Company's transactions Purchased a storage building by obtaining a loan of $5,000. Provided services to customers for cash, $1,800. Pay $1,200 in advertising in May. Repay $1,000 of the amount borrowed on May 1. Received $3,500 in cash from customers for services provided previously on account. Purchased office supplies for $800 cash. May 17 May 20 May 28 Directions Record each transaction in the journal entries. Use the table button (above) to record your journal entries. 2. Post the transactions to the Cash t-account, assuming a beginning cash balance of $2,500. Use the table button (above) to create the Cash t-accountStep by Step Solution
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