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Question 5 Not yet saved The following transactions occurred during the month of October 2020. The business received $5,000 cash from a customer for services
Question 5 Not yet saved The following transactions occurred during the month of October 2020. The business received $5,000 cash from a customer for services provided and 5 October recorded last month. Marked out of 17.00 P Flag question 7 October The business received $6,000 for services to be provided in December 2020. 12 October The owner contributed $2,300 cash and a computer costing $2,000 to the business. 17 October The owner withdrew $500 from the business bank account and paid the water bill of the owner's house. The business provided services for $6,000 and received $1,500 cash. The remaining 25 October balance is on credit. 28 October The business paid annual insurance premium of $3,600. The business purchased a machine for $5,000 and paid 10% cash deposit. The 30 October remaining balance will be paid later. Required: Prepare the general journal for the above transactions. Narrations are required. (17 marks) Answer Template: If you accidentally delete the answer template, you may undo the deletion using "Ctrl + Z" (for Windows) or "Command + Z" (for Mac). If that does not work, please click on this link Answer Template. You may copy and paste the answer template to the answer box
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