Record the following transactions in the general journal using the rules of the double entry system. Feb
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Record the following transactions in the general journal using the rules of the double entry system.
Feb 2 | Heavy equipment was purchased for $55,000 for Luis Santos' Quick Cleaning company. |
3 | $150 in gasoline was paid for the heavy equipment. |
4 | Excavation work was charged for $2,000. |
6 | Construction materials were purchased for $3,000. |
9 | Advertising expenses were paid for $500. |
11 | A withdrawal for personal use was made in the amount of $700. |
12 | Salaries of $5,800 were paid to employees. |
Related Book For
Interpreting and Analyzing Financial Statements
ISBN: 978-0132746243
6th edition
Authors: Karen P. Schoenebeck, Mark P. Holtzman
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