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Using the information presented below record the entries in the account, then prepare a trial balance. 1 Began business by investing 20,000 cash. 2

 

Using the information presented below record the entries in the account, then prepare a trial balance. 1 Began business by investing 20,000 cash. 2 Bought additional equipment for 1,000, paid in cash. 3 Purchased supplies 300 on account. 4 Received 2000 in fees earned during the month. 5 Paid salary of part-time assistant, 500 6 Paid general expenses, 400 7 Paid balance due on equipment.

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