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Write the accounting entry to record each of the following transactions: The purchase of supplies for $50.00 in cash. Recognizing $250 of depreciation on office
- Write the accounting entry to record each of the following transactions:
- The purchase of supplies for $50.00 in cash.
- Recognizing $250 of depreciation on office equipment.
- Customer invoices processed and mailed on the last day of the fiscal year in the aggregate amount of $25,000, plus HST.
- Bi-weekly payroll expense for an employee who received a net pay cheque for $750; employee payroll deductions were $250 and matching employer contributions were $50.
- The owner of a small incorporated business pays $500 for his daughter's dance lessons with a cheque drawn on his business bank account.
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