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    Accounting: General ledger.

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    a) Owner invested $15,000 cash into the business in exchange for its common stock.
    b)Purchased office furniture costing $6,500 by making a down payment of $2,500 cash, and issuing a note payable for $4,000.
    c)Purchased supplies for $3,200 cash.
    d)Recorded fees earned of $5,000 receiving cash for completed work.
    e)Made a $3,500 payment on a note payable from transaction b)above.
    f)Prepaid $3,900 for three month's rent of office space.
    g)Billed a client $4,200 for services rendered. The work was completed.

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    Record the following in the general ledger:
    a. Owner invested $15,000 into the business in exchange for its common stock.
    b. Purchased office furniture costing $6,500 by making a down payment of $2,500 cash, and issuing a notes payable for $4,000.
    c. Purchased supplies for $3,200.
    d. Recorded fees earned of ...

    Solution Summary

    The problem deals with journalizing a set of transactions.

    $2.19

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