Fox Company uses a voucher system. The following transactions were completed:
Required: Prepare journal entries to record the above transactions. Assume Fox Company uses the gross approach method for recording purchases. Omit explanations.
Definitions:
Polarized
Refers to a distribution of electrical charge leading to positive and negative poles within a molecule or chemical bond.
Electrophile
A chemical species that is attracted to electrons and typically accepts an electron pair to form a bond with a nucleophile.
Nucleophile
A chemical species that donates an electron pair to an electrophile to form a chemical bond in a reaction.
Lewis Acid
A substance that can accept a pair of electrons to form a covalent bond, typically metal ions or electron-deficient molecules.
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