Brett Favre Repair Shop had the following transactions during the first month of business. Journalize the transactions.
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Brett Favre Repair Shop had the following transactions during the first month of business. Journalize the transactions.
Aug. 2 Invested $12,000 cash and $2,500 of equipment in the business.
7 Purchased supplies on account for $400. (Debit asset account.)
12 Performed services for clients, for which $1,300 was collected in cash and $670 was billed to the clients.
15 Paid August rent $600.
19 Counted supplies and determined that only $270 of the supplies purchased on August 7 are still on hand.
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Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
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