Question
Record the following journal entries: a. Purchased equipment by paying $4,000 cash and executing a note payable for $4,000 on August 4th. b. Edward Wilson
Record the following journal entries:
a. Purchased equipment by paying $4,000 cash and executing a note payable for $4,000 on August 4th.
b. Edward Wilson invested $15,000 cash in his new landscaping business on August 1.
c. Billed clients for a total of $7,000 for design services rendered on August 22nd
d. Received $1,000 cash from clients for services rendered above on August 29th.
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Financial Accounting Concepts And Applications
Authors: K. Fred Skousen, James D. Stice, Earl Kay. Stice, W. Steve Albrecht
7th Edition
0538876255, 978-0538876254
