Use the above format for the following problems 1 Purchased office supplies on account 2 Collected cash for services 3 Earned $90,000 by establishing a note receivable with a face value of $120,000 This note has no stated interest Enter the asset accounts first Account 1 Account Type ncrease Decrease Debit Credit Cash Asset Increase Debit Account 2 Account Type Increase Decrease Debit Credit Advertise Expense Expense Increase Credit

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Question: Use the above format for the following problems: 1. Purchased office supplies on account 2. Collected cash for services. 3. Earned $90,000 by establishing a

Use the above format for the following problems: 1. Purchased office

Use the above format for the following problems:

1. Purchased office supplies on account

2. Collected cash for services.

Earned $90,000 by establishing a note receivable with a face value of $120,000. This note has no stated interest. Enter the asset accounts first.

Account #1 Account Type ncrease/Decrease Debit/Credit Cash Asset Increase Debit Account #2 Account Type Increase/Decrease Debit/Credit Advertise Expense Expense Increase Credit

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