Solution-What effects does this journal entry have on the

What effects does this journal entry have on the accounts

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Question - Journalize the following five transactions for Nexium & Associates, Inc.

Mar. 1 Bills are sent to clients for services provided in February in the amount of $800.

Mar. 9 Corner Office, Inc. delivers office furniture ($1,060) and office supplies ($160) to Nexium leaving an invoice for $1,220.

Mar. 15 Payment is made to Corner Office, Inc. for the furniture and office supplies delivered on March 9.

Mar. 23 A bill for $430 for electricity for the month of March is received and will be paid on its due date in April.

Mar. 31 Salaries of $850 are paid to employees.

May24 Land 105,000

Cash 105,000

Purchased land for business.

Required - What effects does this journal entry have on the accounts?

Reference no: EM132824798

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What effects does this journal entry have on the accounts

Reference no: EM132824798

Reference no: EM132824798

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