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Terapin Company engages in the following extermal transactions for November 1. Purchase equipment in exchange for cash of $21,900. 2. Provide services to customers and

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Terapin Company engages in the following extermal transactions for November 1. Purchase equipment in exchange for cash of $21,900. 2. Provide services to customers and receive cash of $4,700. 3. Pay the current month's rent of $1,200. 4. Purchase office supplies on account for $700 5. Pay employee salaries of $1,300 for the current month. Required: Record the transactions. (If no entry is required for a transaction/event, select "No journal ent View transaction list Journal entry work-heet 2 3 4 5 Purchase equipment in exchange for cash of $21,900. Note: Enter debits before credits. Transaction General Journal Debit Credit Equipment Record entry Clear entry View general journal

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