Business, 11.08.2021 03:50, flyingcerberus1408

Accounting 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
(2) Earned $7,000 fees, customer will pay later.
(b) Purchased equipment for $45,000, paying $20,000 in cash and the remainder on credit
©) Paid $3,000 for rent for January
(d) Purchased $2,500 of supplies on account
(2) A. Allen $1,000 investment in the company.
(1) Received $7,000 in cash for fees eamed previously.
(2) Paid $1,200 to creditors on account
(h) Paid wages of S6,250.
Received $7,150 from customers on account
A. Allen withdrawal of $1,750,
4. For part (1), which accounts are affected?
Supplies, Allen, Capital and Cash
Accounts Receivable and Cash
Cash and Accounts Receivable
Allen. Withdrawal and Cash

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Accounting Record the following selected transactions for January in a two-column journal. Once you...