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Prepare Journal Entries for Each of the Following Transactions

question 128

Essay

Prepare journal entries for each of the following transactions.
1. Performed services for customers on account $5,000.
2. Purchased $20,000 of equipment on account.
3. Received $3,000 from customers in transaction 1.
4. The owner, R. Orbison, withdrew $1,000 cash for personal use.


Definitions:

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An extreme or irrational fear or aversion to something.

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Obtained or developed after birth, not congenital or inherently present at birth.

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A computer-generated simulation of a three-dimensional environment that can be interacted with in a seemingly real way by a person using special electronic equipment.

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The use of computers to create, process, and manipulate visual content and imagery.

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