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Record the appropriate journal entry for each transaction

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Reference no: EM132532815

Question 1: Record the appropriate journal entry for each transaction

Jan 1 (performed $160 of services on account for P co.

Jan 2 ( Received a $40 invoice from AT&T for this month's phone service

Jan 3 ( Paid $140 on account ( amount owed suppliers )

Jan 4 ( issued a $80 check to paper co. for ads run this month.

Jan 5 ( paid 3 months rent in advance of $120 to L Co.

Jan 6 ( Received $240 payment from E co. ( for work done last month)

Jan 7 ( purchased $160 Machinery on account from Y Co.

Jan 8 ( issued checks to shareholders totaling $100)

Jan 9 ( performed services for D Co. And received payments of $200)

Reference no: EM132532815

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