Prepare the journal entry to record each of the following independent transactions. (Use the number of the transaction in lieu of a date for identification purposes.) 1. Services provided on account...


Prepare the journal entry to record each of the following independent transactions. (Use the number of the transaction in lieu of a date for identification purposes.)


1. Services provided on account of $1,530


2. Purchases of supplies on account for $1,365


3. Services provided for cash of $750


4. Purchase of equipment for cash of $4,240


5. Issuance of a promissory note for $2,500 6. Collections on account for $890


7. Sale of capital stock in exchange for a parcel of land; the land is appraised at $50,000


8. Payment of $4,000 in salaries and wages


9. Payment of open account in the amount of $500



May 04, 2022
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