1. Purchase equipment in exchange for cash of $20,400. 2. Provide services to customers and receive...

Transcribed Image Text:

1. Purchase equipment in exchange for cash of $20,400. 2. Provide services to customers and receive cash of $4,900. 3. Pay the current month's rent of $1,000. 4. Purchase office supplies on account for $2,000. 5. Pay employee salaries of $1,100 for the current month. Required: Record the transactions. Craft uses the following accounts: Cash, Supplies, Equipment, Accounts Payable, Service Revenue, Rent Expense, and Salaries Expense. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 Pay employee salaries of $1,100 for the current month. Note: Enter debits before credits. Transaction 5 General Journal Debit Credit Clear entry View general journal Record entry 1. Purchase equipment in exchange for cash of $20,400. 2. Provide services to customers and receive cash of $4,900. 3. Pay the current month's rent of $1,000. 4. Purchase office supplies on account for $2,000. 5. Pay employee salaries of $1,100 for the current month. Required: Record the transactions. Craft uses the following accounts: Cash, Supplies, Equipment, Accounts Payable, Service Revenue, Rent Expense, and Salaries Expense. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 Pay employee salaries of $1,100 for the current month. Note: Enter debits before credits. Transaction 5 General Journal Debit Credit Clear entry View general journal Record entry