Terrapin Company engages in the following external transactions for November. Purchase equipment in exchange for cash of $23,700. Provide services to customers and receive cash of $5,900. Pay the current month's rent of $1,800. Purchase office supplies on account for $1,900. Pay employee salaries of $2,500 for the current month.

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.)