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Recording Accounting Transactions Record general journal entries for each of the following transactions related to Wilson Manufacturing's operations during 2073 NOTE: Debit entries need to
Recording Accounting Transactions Record general journal entries for each of the following transactions related to Wilson Manufacturing's operations during 2073 NOTE: Debit entries need to be listed first. Please do not indent credit entries. Dollar values need to be entered with no dollar sign and appropriate commas (e.g. 5,000). If no dollar value is needed in a blank, put "o" in the space provided. Example: Borrowed $5.000 from a bank Debit Credit Account Title Cash Notes Payable 5.000 0 o 5.000 1 Sold $20,000 of common stock to investors Account Title Debit Credit 2. Purchased $14.000 of supplies on account. Account Title Debit Credit 3. Pald $4.000 to a supplier for the supplies purchased in transaction 2 Account Title Debit Credit 4. Purchased a $180,000 piece of equipment by paying $30.000 in cash and borrowing $150,000 from a bank. Account Title Debit Credit 5. Paid $8,000 for wages and $3,000 for advertising Account Title Debit Credit 6. Provided $22,000 of services to a customer on account Account Title Debit Credit 7. Paid a $3.000 dividend to investors. Account Title Debit Credit 8. Paid $8.000 for 12 months of insurance coverage. Account Title Debit Credit
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