Enter the following transactions in the two-column journal provided for Charlie's Cabinetry. You may omit explanations.
Mar. 2 Purchased auto cleaning supplies from Robert Suppliers for $750 on account.
4 Collected an account receivable of $525 from a customer, Elegant Kitchens.
5 Paid $275 in partial payment of an account payable to Lucy Co for equipment purchased in February.
7 Issued capital stock in exchange for $5,600 cash.
9 Purchased office equipment from Diamond's Warehouse for $3,700; paid $1,700 cash and issued a note payable due in 90 days for the balance.
Date General Journal
Definitions:
Experience
The knowledge or skill acquired by a person over time through direct involvement or exposure to events or activities.
Coefficient of Determination
A statistic that gives the proportion of the variance in the dependent variable that is predictable from the independent variable(s), typically represented as R^2.
Sales
The activity or process of selling goods or services.
Experience
The knowledge or skill acquired by a period of practical exposure to activities in a particular field, often affecting one's performance or understanding.
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