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Record the transactions into a journal A. May 1st you and a friend [Theo] open a tattoo shop [Ink Inc.] and put $10,000 each into
Record the transactions into a journal A. May 1st you and a friend [Theo] open a tattoo shop [Ink Inc.] and put $10,000 each into it. You also pay rent for the next 6 months for $6,000 B. The same day you buy a car for $8,000 paying $4,000 down and the rest on account due in 3 years to AutoLoaner. You plan on using the car for 4 years before selling it for $3,000 C. You purchase supplies for $600 on account from Staples due back in 3 months May 2 D. You buy a new tattoo gun for $2,000 paying $500 cash and the rest on account due 8 months from InkFace Co. May 3. E. You pay your worker $500 for the week May4 F. You did a tattoo for $700 May 5 G. You Take $10 from the till to buy something for yourself May 6 H. Theo takes $15 out of the cash register for personal use May 7 1. You pay $200 towards your supplies from Staples May 8 J. You pay $300 towards your tattoo gun May 9 K. You give $30 of supplies to your business May 11 L. Theo donates a $75 machine to the business May 14 M. You did a tattoo for $1,000 on May 15, but the customer paid half today and will pay half later N. The next day, a customer came in a paid $1,500 for a tattoo you will do later O. The customer who owed you money paid you two days after their purchase P. You did $500 worth of the service paid for by the customer on the 16th, on May 20th
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