Record the Following Selected Transactions for April in a Two-Column

question 150

Essay

Record the following selected transactions for April in a two-column journal, identifying each entry by letter:
(a)Received $18,000 from Katie Long, owner.
(b)Purchased equipment for $27,000, paying $10,000 in cash and giving a note payable for the remainder.
(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.
(g)Paid $1,200 to creditors on account.
(h)Paid wages of $3,425.
(i)Received $7,900 from customers on account.
(j)Recorded owner's withdrawal of $1,875.

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Definitions:

Magma

The hot, molten rock found beneath the Earth's surface that can form igneous rocks upon cooling.

Rocky Fragments

Pieces or bits of rock material, varying in size from small grains to large boulders, often resulting from the weathering and erosion of larger rock bodies.

Solar System

The Sun, its eight planets, and other celestial bodies that orbit the Sun.

Asteroids

Small rocky bodies orbiting the sun, primarily found in the asteroid belt between Mars and Jupiter.