Business
Business, 01.07.2019 22:20, lilisncz

Record the following selected transactions for january in a two‐column journal. once you have completed that, answer questions 1 – 5 related to your work. (a) earned $7,000 fees; customer will pay later. (b) purchased equipment for $45,000, paying $20,000 in cash and the remainder on credit (c) paid $3,000 for rent for january. (d) purchased $2,500 of supplies on account. (e) a. allen $1,000 investment in the company. (f) received $7,000 in cash for fees earned previously. (g) paid $1,200 to creditors on account. (h) paid wages of $6,250. (i) received $7,150 from customers on account. (j) a. allen withdrawal of $1,750. 1. for part (e), which two accounts are affected?

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