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The following transactions occur for the Panther Detective Agency during the month of July: Purchase a truck and sign a note payable, $13,200. Purchase office
The following transactions occur for the Panther Detective Agency during the month of July: Purchase a truck and sign a note payable, $13,200. Purchase office supplies for cash, $420. Pay $620 in rent for the current month. Record the transactions. The company uses the following accounts: Cash, Supplies, Equipment (for the truck), Notes Payable, and Rent Expense. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
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