Question: a . Matt Company borrows $ 6 , 0 0 0 from the bank on a nine - month agreement. b . John Company pays

a. Matt Company borrows $6,000 from the bank on a nine-month agreement.
b. John Company pays $3,000 cash for supplies purchased and received last month.
c. Mark Company purchased and received a $16,000 delivery vehicle and paid $4,000 cash and
signed a two-year note for the remainder.
d. Luke Company ordered and received a $9,000 machine which it has 45 days to pay for.
e. Luke Company pays $3,000 for the machine it received in "d"
f. Sam Company paid $800 for the prior-month electric bill and received the current month
electric bill of $900 which will be paid in the next month
g. Jim Company collected $8,000 from customers for product delivered in the month
h. Able Company sent a $600 invoice to a customer for product delivered to the customer the last
day of the month. The customer will pay in 30 days.
i. Baker Company received a $1,100 cash deposit from a customer for product that Baker will
ship to the customer in two months.
j. Jane Company sold stock for $8,000 Prepare journal entires
 a. Matt Company borrows $6,000 from the bank on a nine-month

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