A Company Entered into the Following Transactions During April

question 83

Essay

A company entered into the following transactions during April.
A.Signed a lease and made a payment of $4,500 to the landlord comprised of the current month's rent of $1,500 and the required $3,000 security deposit.
B.Purchased equipment on account for $35,000.
C.Purchased supplies for $6,500 on account.
D.Performed services and received cash of $57,000.
E.Performed services on account for $28,000.
F.Received a payment of $24,000 for services to be performed in the future.
G.Collected $14,000 from customers on account.
H.Paid employees $11,000 for work done during the month.
I.Made a $35,000 payment on account for equipment that was purchased above.
J.Made a payment of $6,500 on account for the supplies purchased above.
K.Received bills for the current month from telephone and electricity companies totaling $3,800; payments will be made next month.
Required:
Prepare journal entries for the transactions set forth above.

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Definitions:

Neurogenesis

The process of generating new neurons in the brain, contributing to neural plasticity and cognitive function.

Plasticity

The capacity of the brain to change and adapt as a result of experience or injury, including the ability to reorganize pathways and create new connections.

Neurogenesis

The process of the formation of new neurons in the brain.

Split Brain

A condition resulting from surgery that isolates the brain’s two hemispheres by cutting the fibers (mainly those of the corpus callosum) connecting them.