Journalize the Following Transactions for Tanaka Company for June 2022

question 102

Essay

Journalize the following transactions for Tanaka Company for June 2022, the company's first month of operations. You may omit explanations for the transactions.
1. Purchased equipment on account for $9,800.
2. Billed customers $5,600 for services performed.
3. Made payment of $2,400 on account for equipment purchased earlier in the month.
4. Collected $3,900 on customer accounts.

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Definitions:

Hot Dog

A cooked sausage, traditionally grilled or steamed, usually served in a sliced bun as a sandwich.

Slope

The measure of the steepness or incline of a line, often calculated as the ratio of the vertical change to the horizontal change.

Budget Constraint

Represents the combinations of goods and services a consumer can purchase with their income at current prices.

Prices

The amount of money or exchange value that is asked for goods and services in the market.