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Geo Inc. had the following account balances on January 1, Year 2 Accounts Payable Accounts Receivable Cash Common Stock Equipment Notes Payable Retained Earnings Salaries
Geo Inc. had the following account balances on January 1, Year 2 Accounts Payable Accounts Receivable Cash Common Stock Equipment Notes Payable Retained Earnings Salaries and Wages Expense Supplies $ 689 1,000 15,000 10,000 500 3,000 2,911 100 During January, Year 2. Geo entered into the following transactions: A. Pald $689 on account for utilities that were used during December Year 1. B. Purchased $423 of supplies for cash. C. Signed a rental agreement for office space and paid $3,500 in advance for six months of rent beginning February 1, Year 2 D. Purchased $15,000 of new equipment, signing a promissory note. E. Provided $26,000 of services. $17,000 was received in cash and $9,000 was provided on credit. F. Pald workers $8,300 for work done in January Required: entries for each of the following January activities, and post results to the relevant T-accounts. Compute the endin balance of each T-account. Beginning balances have been entered. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account fleld.) Complete this question by entering your answers in the tabs below. General Journal T Accounts Prepare journal entries for each of the following January activities. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
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