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Record the transactions

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Question - Terrapin Company engages in the following external transactions for November.

1. Purchase equipment in exchange for cash of $20,900.

2. Provide services to customers and receive cash of $5,900.

3. Pay the current month's rent of $1,800.

4. Purchase office supplies on account for $900.

5. Pay employee salaries of $1,100 for the current month.

Required - Record the transactions. Terrapin uses the following accounts: Cash, Supplies, Equipment, Accounts Payable, Service Revenue, Rent Expense, and Salaries Expense.

Reference no: EM132595965

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