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Required information [The following information applies to the questions displayed below.] The following transactions occur for the Wolfpack Shoe Company during the month of June:
Required information [The following information applies to the questions displayed below.] The following transactions occur for the Wolfpack Shoe Company during the month of June: a. Provide services to customers for $29,000 and receive cash. b. Purchase office supplies on account for $19,000. c. Pay $6,800 in salaries to employees for work performed during the month. 1. Analyze each transaction. For each transaction, indicate by how much each category in the accounting equation increases or decreases. (Decreases to account classifications should be entered as a negative.) Assets = Liabilities Stockholders' Equity Transaction (a) (b) (c) Journal entry worksheet Provide services to customers for $29,000 and receive cash. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Journal entry worksheet Purchase office supplies on account for $19,000. Note: Enter debits before credits. General Journal Debit Credit Transaction b. Journal entry worksheet
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