6. The following activity for J.C. Breneman Management Services took place on June 1, 20- Received...
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6. The following activity for J.C. Breneman Management Services took place on June 1, 20- Received $3,290 in cash from the owner as an investment (receipt no. 1). Borrowed $900 cash from Inland Bank for business expenses (memo 1). Paid cash for supplies, $290 (check no. 1). Paid cash for insurance, $1,000 (check no. 2). Paid cash for equipment, $2,100 (memo 2). In a properly formatted journal, the amounts that increase the Cash account are entered in O A. the Credit column. O B. both Debit and Credit columns O C. the Debit column OD. either Debits or Credit columns. 6. The following activity for J.C. Breneman Management Services took place on June 1, 20- Received $3,290 in cash from the owner as an investment (receipt no. 1). Borrowed $900 cash from Inland Bank for business expenses (memo 1). Paid cash for supplies, $290 (check no. 1). Paid cash for insurance, $1,000 (check no. 2). Paid cash for equipment, $2,100 (memo 2). In a properly formatted journal, the amounts that increase the Cash account are entered in O A. the Credit column. O B. both Debit and Credit columns O C. the Debit column OD. either Debits or Credit columns.
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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