Ron_W1DQ2 - 1,700 Purchased supplies on account 15 Accounts...

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Ron_W1DQ2 E2-15 Debit Credit Credit $180,000 = $100,000 + $80,000 $180,000 is a debit $100,000 is a credit Credit Debit Net Credit $200,000 - $240,000 = $40,000
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Ron_W1DQ2 P2-31A Journal Date Accounts and Explanations PR Debit Credit July 1 Cash 350,000 Darrell Palusky, Capital 350,000 Received investment from owner. 2 Building 300,000 Cash 300,000 Paid cash for theater building. 5 Cash 220,000 Notes Payable 220,000 Borrowed money on note payable. 10 Supplies 1,700 Accounts Payable
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Unformatted text preview: 1,700 Purchased supplies on account. 15 Accounts Payable 800 Cash 800 Paid cash on account. 15 Property Tax Expense 1,200 Cash 1,200 Paid property tax on theater building. 16 Salary Expense 2,800 Rent Expense 1,800 Cash 4,600 Paid cash expenses. 28 Darrel Palusky, Withdrawals 6,000 Cash 6,000 Withdrawal by owner. 31 Cash 20,000 Service Revenue 20,000 Performed service and received cash....
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Ron_W1DQ2 - 1,700 Purchased supplies on account 15 Accounts...

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