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Q1) Record following transactions in general journal.


Invested $20,000 in cash and $5,000 of equipment in the business


Purchased equipment on account, $1,200


Purchased supplies on account, $500


Purchased supplies with cash, $1,000


Received cash for services provided to clients, $2,500


Paid rent, $850


Billed clients for services performed, $850


Paid for equipment purchased on 3/5/07


Received payment for services performed on 3/20/07


Withdrew cash for personal use, $3,000

Make the trial balance for month ended March 31, 2007.

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  • Reference No.:- M916785

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