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Richmond Company engaged in the following thand a. Purchased $12,000 of supplies from ABC Supplies on February 16. Amount due in full on March 31.

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Richmond Company engaged in the following thand a. Purchased $12,000 of supplies from ABC Supplies on February 16. Amount due in full on March 31. b. Paid for 25% of the purchased merchandise (transaction a) on February 26. note. d. Borrowed $300,000 on a 10 -month, 8% interest-bearing note on April 30 . e. Purchased $78,000 of merchandise on June 4 . Amount due in full on June 30 . f. Paid for the purchased merchandise (transaction e) on June 24. g. Received from Haywood, Inc., on August 19 a $26,000 deposit against a total selling price of $260,000 for services to be performed for Haywood. h. Paid quarterly installments of Social Security and Medicare and individual income tax withholdings, as shown below, on October 15 . The Social Security and Medicare were previously recorded as expenses during the quarter and the amounts paid represent both the employee and employer shares (50\% each): i. On December 15, Richmond completed the services ordered by Haywood on August 19 . Haywood's remaining balance of $234,000 is due on January 31. Required: 1. Prepare journal entries for these transactions. If an amount box does not require an entry, leave it blank. Richmond Company engaged in the following thand a. Purchased $12,000 of supplies from ABC Supplies on February 16. Amount due in full on March 31. b. Paid for 25% of the purchased merchandise (transaction a) on February 26. note. d. Borrowed $300,000 on a 10 -month, 8% interest-bearing note on April 30 . e. Purchased $78,000 of merchandise on June 4 . Amount due in full on June 30 . f. Paid for the purchased merchandise (transaction e) on June 24. g. Received from Haywood, Inc., on August 19 a $26,000 deposit against a total selling price of $260,000 for services to be performed for Haywood. h. Paid quarterly installments of Social Security and Medicare and individual income tax withholdings, as shown below, on October 15 . The Social Security and Medicare were previously recorded as expenses during the quarter and the amounts paid represent both the employee and employer shares (50\% each): i. On December 15, Richmond completed the services ordered by Haywood on August 19 . Haywood's remaining balance of $234,000 is due on January 31. Required: 1. Prepare journal entries for these transactions. If an amount box does not require an entry, leave it blank

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