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The following events pertain to Outdoor Entertainment Incorporated which specializes in hosting outdoor music festivals across the nation: a. Borrowed $102,000 cash from a local
The following events pertain to Outdoor Entertainment Incorporated which specializes in hosting outdoor music festivals across the nation: a. Borrowed $102,000 cash from a local bank to assist in funding the next outdoor festival. b. Paid $26,000 cash for supplies related to the festival. c. Received $151,000 cash for ticket sales related to the festival. d. Paid $50,400 in cash for employee salaries. Required: Record each of the following Outdoor Entertainment Incorporated events in T-accounts
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