Question: Record the following transactions. (If no entry is required for a transaction/event, select No Journal Entry Required in the first account fieid.) (a) Started business
Record the following transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account fieid.) (a) Started business by issuing 10,000 shares of common stock for $27,000 (b) Hired Rebecca as an administrative assistant, promising to pay her $2,500 every two weeks. (c) Rented a building for three years at $540 per month and paid six months' rent in advance. (d) Purchased equipment for $5,700 cash. (e) Purchased $1,900 of supplies on account. (f) Provided services to customers for $7,600 cash. (g) Paid employees' salaries, $5,800 (h) Paid for supplies purchased in item (e). (i) Paid $890 for current advertising in a local newspaper. (i) Paid utility bill of $1,200 for the current month
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