Question

Marx Industries had the following transactions.
1. Borrowed $5,000 from the bank by signing a note.
2. Paid $3,100 cash for a computer.
3. Purchased $850 of supplies on account.

Instructions
(a) Indicate what accounts are increased and decreased by each transaction.
(b) Journalize each transaction. (Omit explanations.)



$1.99
Sales5
Views307
Comments0
  • CreatedMarch 02, 2015
  • Files Included
Post your question
5000