Four transactions are listed below. a. Borrowed cash of $8,000 from Middle State Bank b. Made cash
Question:
a. Borrowed cash of $8,000 from Middle State Bank
b. Made cash sales of $7,500 to customers
c. Paid salaries of $9,800 to employees for services performed
d. Purchased and used $4,100 of supplies in operations of the business
Required:
Prepare journal entries for the transactions.
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Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-0324787351
1st Edition
Authors: Rich Jones, Mowen, Hansen, Heitger
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