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The following transactions occurred for Warren Technology Solutions: i (Click the icon to view the transactions.) Read the requirement.(Record debits first, then credits. Select the
The following transactions occurred for Warren Technology Solutions: i (Click the icon to view the transactions.) Read the requirement.(Record debits first, then credits. Select the explanation on the last line of the journal entry table. xlanation with each journal entry. Use the following accounts: Cash; Accounts May 1: The business received cash of $120,000 and issued common stock to Zachary Warren. Journalize the transactions of Warren Technology Solutions. Include an Receivable; Office Supplies; Prepaid Advertising; Building; Land; Accounts Payable; Uneaned Revenue; Common Stock; Service Revenue; Rent Expense; and Salaries Expense Accounts and Explanation Debit More Info May 1 The business received cash of $120,000 and issued common stock to Zachary Warren. 2 Purchased office supplies on account, S650. 4 Paid $54,000 cash for building and land. The building had a fair market value of $43,000 6 Performed services for customers and received cash, $3,700 9 Paid $400 on accounts payable 17 Performed services for customers on account, S3,000. 19 Paid rent expense for the month, $1,300. May 2: Purchased office supplies on account, $650 Date Accounts and Explanation Debit May 2 20 Received $2,000 from customers for services to be performed next month. 21 Paid $700 for advertising in next month's IT Technology magazine 23 Received $2,500 cash on account from a customer 31 Incurred and paid salaries, $1,600
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