Question
Prepare journal entries for each of the following January activities, and post results to the relevant T-accounts. Compute the ending balance of each T-account. Beginning
Prepare journal entries for each of the following January activities, and post results to the relevant T-accounts. Compute the ending balance of each T-account. Beginning balances have been entered. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) A. Paid $701 on account for December's utilities. B. Bought $443 of supplies for cash. C. Paid $4,300 legal fees in advance for legal services to be received over the next six months. D. Bought $13,500 of new equipment, signing a promissory note. E. Provided $28,000 of services. $14,500 was received in cash and $13,500 was provided on credit. F. Paid workers $5,600 for work done in January.
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