Preparing General Journal Entries: Bookkeeping
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Prepare a general journal entries to record these transactions:
1 Mar - Brooks invested 180,000 cash along with 30,000 of office equipment in the company.
2 Mar - The company prepaid 8,000 cash for 6 months rent for an office (Hint: Debit Prepaid Rent for 8,000).
3 Mar - The company made credit purchases of office equipment for 3,300 and office supplies for 1,400. Payment is due within 10 days.
6 Mar - The company completes services for a client and immediately received 6,000 cash.
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Solution Summary
Provides general journal entries for the given information.
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