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Terrapin Company engages in the following external transactions for November. 1. Purchase equipment in exchange for cash of $21,500. 2. Provide services to customers and
Terrapin Company engages in the following external transactions for November. 1. Purchase equipment in exchange for cash of $21,500. 2. Provide services to customers and receive cash of $6,100. 3. Pay the current month's rent of $1,200. 4. Purchase office supplies on account for $500. 5. Pay employee salaries of $1,300 for the current month. Required: Record the transactions. Terrapin uses the following accounts: Cash, Supplies, Equipment, Accounts Payable, Service Revenue, Rent Expense, and Salaries Expense. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 5 Provide services to customers and receive cash of $6,100. Note: Enter debits before credits. Terrapin Company engages in the following external transactions for November. 1. Purchase equipment in exchange for cash of $21,500. 2. Provide services to customers and receive cash of $6,100. 3. Pay the current month's rent of $1,200. 4. Purchase office supplies on account for $500. 5. Pay employee salaries of $1,300 for the current month. Required: Record the transactions. Terrapin uses the following accounts: Cash, Supplies, Equipment, Accounts Payable, Service Revenue, Rent Expense, and Salaries Expense. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 1 5 Pay the current month's rent of $1,200. Note: Enter debits before credits. Terrapin Company engages in the following external transactions for November. 1. Purchase equipment in exchange for cash of $21,500. 2. Provide services to customers and receive cash of $6,100. 3. Pay the current month's rent of $1,200. 4. Purchase office supplies on account for $500. 5. Pay employee salaries of $1,300 for the current month. Required: Record the transactions. Terrapin uses the following accounts: Cash, Supplies, Equipment, Accounts Payable, Service Revenue, Rent Expense, and Salaries Expense. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 123 2 3 Pay employee salaries of $1,300 for the current month. Note: Enter debits before credits. Terrapin Company engages in the following external transactions for November. 1. Purchase equipment in exchange for cash of $21,500. 2. Provide services to customers and receive cash of $6,100. 3. Pay the current month's rent of $1,200. 4. Purchase office supplies on account for $500. 5. Pay employee salaries of $1,300 for the current month. Required: Record the transactions. Terrapin uses the following accounts: Cash, Supplies, Equipment, Accounts Payable, Service Revenue, Rent Expense, and Salaries Expense. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 45 Purchase equipment in exchange for cash of $21,500. Note: Enter debits before credits. Terrapin Company engages in the following external transactions for November. 1. Purchase equipment in exchange for cash of $21,500. 2. Provide services to customers and receive cash of $6,100. 3. Pay the current month's rent of $1,200. 4. Purchase office supplies on account for $500. 5. Pay employee salaries of $1,300 for the current month. Required: Record the transactions. Terrapin uses the following accounts: Cash, Supplies, Equipment, Accounts Payable, Service Revenue, Rent Expense, and Salaries Expense. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 12 5 Purchase office supplies on account for $500. Note: Enter debits before credits
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