Terry Company
Transactions
Oct $\quad$ Terry Purchased Computer Equipment For

question 132

Essay

Terry Company
Transactions
Oct. 1 $\quad$ Terry purchased computer equipment for $\$ 8,400$ , paying $\$ 1,000$ now, and issuing a promissory note for the bal ance; the note is due in monthly installments of $\$ 500$ plus interest at $10 \%$ on the unpaid balance.

8 $\quad$ Terry records service revenue earned: $\$ 3,200$ from cash customers; $\$ 12,000$ for customers billed for completed services.

22 $\quad$ Common stock is issued for land with a far value of $\$ 35,000$ .

31 $\quad$ An invoice for $\$ 1,200$ is received from the company's advertising agency for ads that were run on radio and $\mathrm { TV }$ during October; the invoice is due in 30 days.
-Refer to the transactions for Terry Company.
?
Use the transactions incurred by the Terry Company to set up T accounts and post each transaction to the T accounts.

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Definitions:

Ethical Guidelines

Rules designed to address the conduct and decision-making of individuals and organizations, focusing on principles like fairness, respect, and integrity.

Voluntary Participation

The principle that participants in research or activities choose to partake of their own free will, without coercion or undue influence.

Ethical Principle

Fundamental guidelines or rules that are adopted and followed by individuals or societies to determine what behaviors are considered right, wrong, good, or bad.

Anecdotal Evidence

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