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Record the April transactions in the journal. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Land; Furniture; Automobile; Accounts Payable; Unearned Revenue; Mildon,Capital; Mildon,
Record the April transactions in the journal. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Land; Furniture; Automobile; Accounts Payable; Unearned Revenue; Mildon,Capital; Mildon, Withdrawals; Service Revenue; Salaries Expense; and Rent Expense.
Apr. 4 Collected $3,500 cash from a client on account. 13 14 15 Paid $3,400 on account. Purchased furniture on account, $3,800. Mildon contributed his personal automobile to the business in exchange for capital. The automobile had a market value of $8,000 18 Purchased office supplies on account, $1,600 19 Received $2,850 for tax services performed on April 8 20 Mildon withdrew cash of $7,000. 21 Received $1,800 cash for consulting work completed. 24 Received $1,300 cash for accounting services to be completed next month. 27 Paid office rent, $1,000 28 Paid employee salary, $1,600Step by Step Solution
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