Prepare Journal Entries to Record the Following Transactions

question 83

Essay

Prepare journal entries to record the following transactions:
(a.) Purchased $3,500 of supplies on account.
(b.) Paid $4,800 for a two-year insurance policy.
(c.) Performed a service and immediately collected $600.
(d.) Paid the monthly utility bill, $200.
(e.) Paid one-half of the amount owed for the supplies purchased in (a) above.
(f.) Performed a service and billed the customer $800.
(g.) Borrowed $1,000 by signing a note payable.
(h.) Received the amount owed from the customer of (f) above.

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Definitions:

Proton Spin Decoupled

A nuclear magnetic resonance (NMR) spectroscopy technique that simplifies complex spectra by removing interactions between proton spins, aiding in structure determination.

Peaks

Points in a dataset or graph representing maximum values or points of interest, often used in analysis.

Compound

A substance formed when two or more chemical elements are chemically bonded together, distinct from mixtures.

UV-visible Spectrum

The absorption or reflectance spectrum in the ultraviolet and visible light region that is used to identify chemical substances.