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You are provided with the following transactions for Hindsight Electric for February, 2020. Prepare journal entries in proper format for February. You are not required
You are provided with the following transactions for Hindsight Electric for February, 2020. Prepare journal entries in proper format for February. You are not required to provide explanations for your journal entries. The journal entry must clearly distinguish between debits and credits. (5 marks each) a. Feb 1 David Smith started the business by investing $7,000 in cash and computer equipment worth $5,000. b. Feb 5 Purchased office supplies for $500 on account. c. Feb 8 Completed electrical work for $2,000 on account. d. Feb 10 Completed electrical work for $ 1,500 cash. e. Feb 20 Paid 6,000 for one year of rent. f. Feb 21. Received payment for work completed on Feb 8
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