Terrapin Company engages in the following external transactions for November.

1. Purchase equipment in exchange for cash of $21,400.

2. Provide services to customers and receive cash of $4,900.

3. Pay the current month's rent of $1,500.

4. Purchase office supplies on account for $1,300.

5. Pay employee salaries of $1,900 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.)

View transaction list Journal entry worksheet Purchase equipment in exchange for cash of $21,400. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal Tew transaction IIST EX: 1 Purchase equipment in exchange for cash of $21,400. 2 Provide services to customers and receive cash of $4,900. 3 Pay the current month's rent of $1,500. 4 Purchase office supplies on account for $1,300. Credit 5 Pay employee salaries of $1,900 for the current month