Wellington Company had the. following current liabilities transactions during 2022 Transactions: Sept 1, Provided services for customers

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Wellington Company had the. following current liabilities transactions during 2022
Transactions:

Sept 1, Provided services for customers who had an advance payment of $9,000

Oct 1, Sold merchandise for cash $290,000 includes a 16% sales tax.

Nov. 1 Borrows $150,000 from Olathe State signing a 3-month, 10% note

Dec. 31 Accrued interest on the note payable

Journalize the transactions

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Accounting Principles

ISBN: 978-1119048503

7th Canadian Edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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Posted Date: May 25, 2023 06:19 AM

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Wellington Company had the. following current liabilities transactions during 2022 Transactions: Sept 1, Provided services for customers

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1 September 1 Debit Cash 9000 Credit Unearned Revenue 9000 Explanation Wellington Company provided s... View the full answer

Accounting Principles

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