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Record transactions using journal entries: Below are 3 transactions for Dream Thrum, Corp.: a. 6/3/18: Provided services to customers for $3,000 on account. b. 6/15/18:
Record transactions using journal entries: Below are 3 transactions for Dream Thrum, Corp.: a. 6/3/18: Provided services to customers for $3,000 on account. b. 6/15/18: Purchased supplies on account for $500. 6/25/18: Received payments of $1,600 in cash from customers in transaction a. The accountant for Dream Thrum, Corp. recorded the following journal entries for the above transactions. Analyze whether the accountant correctly recorded each transaction. If a journal entry was incorrect, provide the correct journal entry. c. a. CREDIT $3,000 CREDIT 6/3/18 DEBIT Service revenue $3,000 Accounts Receivable To record services provided to customers on account. b. 6/15/18 DEBIT Supplies $500 Accounts receivable To record supplies purchased on account. c. 6/25/18 DEBIT Cash $1,600 Service revenue $1,600 To record payment from customers. $500 CREDIT
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