Use the above format for the following problems:

1. Purchased office supplies on account

2. Collected cash for services.

3.

Earned $90,000 by establishing a note receivable with a face value of $120,000. This note has no stated interest. Enter the asset accounts first.

Account #1 Account Type ncrease/Decrease Debit/Credit Cash Asset Increase Debit Account #2 Account Type Increase/Decrease Debit/Credit Advertise Expense Expense Increase Credit