Reference no: EM132967064
Question - Record the following selected transactions for January in a two-column journal ? identifying each entry by letter:
Purchased equipment for $45,000, paying $20,000 in cash and the remainder on credit.
Earned $8,000 fees on account.
Paid $3,000 for rent for January.
Purchased $2,500 of supplies on account.
A. Allen $2,000 investment in the company.
Received $7,000 in cash for fees earned previously.
Paid $1,200 to creditors on account.
Paid wages of $6,250.
Received $7,150 from customers on account.
Allen withdrawal of $1,750.
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