(Answered) X company engaged in three transactions during maybull

Accounting

X Company engaged in three transactions during May:

• Purchased a truck for $20,000 cash

• Paid a bill from VISA for $500 which was received and recorded in April

• Purchased office supplies for $1,000 which will be paid for in June

Required: Identify the accounts, amounts and increases/decreases for each transaction.

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