Business
Business, 27.02.2020 02:22, anikabarnhart

Marilyn Monroe invested $66,000 in cash to start the firm. Issued check for $5,200 to pay the rent for current month. Purchased an automobile that will be used to visit clients; issued check for $33,700 in full payment. Purchased supplies for $1,040; paid immediately by check. Purchased office equipment for $20,300 on credit from Denton, Inc.; received invoice, payable in 30 days. Performed services for $2,820 in cash. Returned damaged supplies for a cash refund of $110. Issued check for $18,000 to Denton, Inc., as payment on account. Paid $180 for monthly telephone bill by check. Withdrew $620 in cash for personal expenses. Determine the accounts and amounts to be debited and credited for the above transactions for Monroe's Auto Repair.

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Marilyn Monroe invested $66,000 in cash to start the firm. Issued check for $5,200 to pay the rent f...

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