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problem: Make journal entries to record the given transactions:

[A] Buy $3,500 of supplies on account 

[B] Paid $4,800 for a two-year insurance policy

[C] Performed a service and immediately collected $600

[D] Paid the monthly utility bill, $200

[E] Borrowed $1,000 by signing a note payable

[F] Performed a service and billed the customer $800

[G] Paid one-half of the amount owed for the supplies purchased in [A] above

[H] Received the amount owed from the customer of [F] above

Cost Accounting, Accounting

  • Category:- Cost Accounting
  • Reference No.:- M922045

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