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Prepare journal entries to record the following transactions. Purchased $390 of supplies on credit. Completed $590 of work for a client on credit. Paid $390
Prepare journal entries to record the following transactions.
- Purchased $390 of supplies on credit.
- Completed $590 of work for a client on credit.
- Paid $390 cash towards the amount owed from transaction a.
- Completed work for a client and immediately received $890 cash.
- Collected $590 cash for the work previously performed in transaction b.
- Received $1,090 cash in advance from a client for services to be performed next period
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