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Record the following transactions as journal entries. Received $7,000 on account from a customer. Date Nov. 3 Accounts and Explanation Purchased office furniture for $5,000
Record the following transactions as journal entries. Received $7,000 on account from a customer. Date Nov. 3 Accounts and Explanation Purchased office furniture for $5,000 on account Date Nov. 4 Accounts and Explanation Received $8,000 for services rendered to a client Date Nov. 5 Accounts and Explanation Debit Credit Debit Credit Debit Credit Bright, the owner, contributed $5,000 in exchange for capital. Date Nov. 5 Accounts and Explanation Paid $6,000 cash for land Date Nov. 5 Debit Credit Accounts and Explanation Debit Credit
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