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Prepare journal entries to record the following transactions for the month of November. If an amount box does not require an entry, leave it blank. A. On first day of the month, issued common stock for cash, $24,000. B. On third day of month, purchased equipment for cash, $12,000. C. On tenth day of month, received cash for accounting services, $14,250. D. On fifteenth day of month, paid miscellaneous expenses, $3,700. E. On last day of month, paid employee salaries, $8,300.

Prepare journal entries to record the following transactions for the month of November. If an amount box does not require an entry, leave it blank. A. On first day of the month, issued common stock for cash, $24,000. B. On third day of month, purchased equipment for cash, $12,000. C. On tenth day of month, received cash for accounting services, $14,250. D. On fifteenth day of month, paid miscellaneous expenses, $3,700. E. On last day of month, paid employee salaries, $8,300.

FINANCIAL ACCOUNTING
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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Prepare journal entries to record the following transactions for the month of November. If an amount box does not require an entry, leave it blank. A. On first day of the month, issued common stock for cash, $24,000. B. On third day of month, purchased equipment for cash, $12,000. C. On tenth day of month, received cash for accounting services, $14,250. D. On fifteenth day of month, paid miscellaneous expenses, $3,700. E. On last day of month, paid employee salaries, $8,300. Nov. 1 Nov. 3 Nov. 10 Nov. 15 Nov. 30 >> 00 00 00 0
Transcribed Image Text:Prepare journal entries to record the following transactions for the month of November. If an amount box does not require an entry, leave it blank. A. On first day of the month, issued common stock for cash, $24,000. B. On third day of month, purchased equipment for cash, $12,000. C. On tenth day of month, received cash for accounting services, $14,250. D. On fifteenth day of month, paid miscellaneous expenses, $3,700. E. On last day of month, paid employee salaries, $8,300. Nov. 1 Nov. 3 Nov. 10 Nov. 15 Nov. 30 >> 00 00 00 0
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