Placed an advertisement in the Seattle Times and paid for the advertisement. $560 9-July Paid for one year insurance policy, begin July 1, and expires June 30, 2020. $4800 11-July Purchased golf clubs and other equipment, payable in 30 days, from Calloway, a supplier. $6000

Placed an advertisement in the Seattle Times and paid for the advertisement. $560 9-July Paid for one year insurance policy, begin July 1, and expires June 30, 2020. $4800 11-July Purchased golf clubs and other equipment, payable in 30 days, from Calloway, a supplier. $6000

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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Question

4-April
Placed an advertisement in the Seattle Times and paid for the advertisement.
$560
9-July
Paid for one year insurance policy, begin July 1, and expires June 30, 2020.
$4800
11-July
Purchased golf clubs and other equipment, payable in 30 days, from Calloway, a supplier.
$6000
Prepare Journal entries

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