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Prepare journal entries to record each transaction.(If no entry is required for a transaction/event, select No Journal Entry Required in the first account field.) a.Placed

Prepare journal entries to record each transaction.(If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

a.Placed an order for office supplies costing $1,700. Supplier intends to deliver later in the month. Record the transaction.

  • b.Purchasedequipmentthatcost$22,000;paid$6,000cashandsignedapromissorynotetopay$16,000inonemonth.Recordthetransaction.
  • c.Negotiatedandsignedaone-yearbankloan,andthendeposited$5,000cashinthecompanyscheckingaccount.Recordthetransaction.
  • d.Hiredanewfinancemanageronthelastdayofthemonth.Recordthetransaction.
  • e.Receivedaninvestmentof$10,000cashfromthecompanysownersinexchangeforissuingcommonshares.Recordthetransaction.
  • f.Supplies[orderedin(a)]werereceived,alongwithabillfor$1,700.Recordthetransaction.

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