a. Received $18,000 from sale of common stock. b. Purchased equipment for $27,000, paying $10,000 in cash and giving a note payable for the remainder. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0". c. Paid $2,300 for rent for April. d. Purchased $1,500 of supplies on account. e. Recorded $9,800 of fees earned on account. f. Received $7,500 in cash for fees earned.

a. Received $18,000 from sale of common stock. b. Purchased equipment for $27,000, paying $10,000 in cash and giving a note payable for the remainder. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0". c. Paid $2,300 for rent for April. d. Purchased $1,500 of supplies on account. e. Recorded $9,800 of fees earned on account. f. Received $7,500 in cash for fees earned.

Name: Record the following selected transactions for April. a. Received $18,
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Description: Record the following selected transactions for April. a. Received $18,000 from sale of common stock.b. Purchased equipment for $27,000, paying $10,000 in cash and giving a note payable for the remainder. For a compound transaction, if an amount box d

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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