$3$

Exercise $2-8($Algo$)$ Record transactions $($LO$2-4)$

Craft Company engages in the following external transactions for November.

Purchase equipment in exchange for cash of $$20,900$

Provide services to customers and receive cash of $$5,500.$

Pay the current month's rent of $$1,700$

Purchase office supplies on account for $$900$

Pay employee salaries of $$1,300$ 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.$)$

Print

$2$

$3$

$4$

$5$

References

Purchase equipment in exchange for cash of $$20,900.$

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[1,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$

Print

$1$

$2$

$3$

$4$

$5$

Provide services to customers and receive cash of $$5,500.$

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit,$],[2,,,,],[,,,,],[,,,,],[,,,,],[,,,,],[,,,,],[,,,,]]$

Pay the current month's rent of $$1,700.$

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[3,,,],[,,,],[,,,],[,,,],[,,,]]$

points

Print

References

Purchase office supplies on account for $$900$

Note: Enter debits before credits

Print

Pay employee salaries of $$1,300$ for the current month.

References

Note: Enter debits before credits.

$\backslash$table$[[$Transaction$,$General Journal,Debit,Credit$],[5,,,],[,,,],[,,,],[,,,],[,,,]]$