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1. A customer makes a payment on account. What would the journal entry look like?

1. A customer makes a payment on account. What would the journal entry look like?. 1. A customer makes a payment on account. What would the journal entry look like?. 2. What would the journal entry look like when a business buys equipment on account?.

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1. A customer makes a payment on account. What would the journal entry look like?

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  1. 1. A customer makes a payment on account. What would the journal entry look like?

  2. 1. A customer makes a payment on account. What would the journal entry look like?

  3. 2. What would the journal entry look like when a business buys equipment on account?

  4. 2. What would the journal entry look like when a business buys equipment on account?

  5. 3. What would the journal entry look like when a business pays for equipment purchased on account?

  6. 3. What would the journal entry look like when a business pays for equipment purchased on account?

  7. 4. What would the journal entry look like when a business pays for equipment with cash?

  8. 4. What would the journal entry look like when a business pays for equipment purchased on account?

  9. 5. A business pays salaries of $50,000 on the first and 15th of each month. What would be the adjusting entry required on the 31st?

  10. 5. A business pays salaries of $50,000 on the first and 15th of each month. What would be the adjusting entry required on the 31st?

  11. 6. A business uses a perpetual inventory method. What entry would be made to purchase inventory on account?

  12. 6. A business uses a perpetual inventory method. What entry would be made to purchase inventory on account?

  13. 7. A business uses a perpetual inventory method. What entry would be made to pay for inventory on account with terms of 2/10 net 30?

  14. 7. A business uses a perpetual inventory method. What entry would be made to pay for inventory on account with terms of 2/10 net 30?

  15. 8. How would you record a return of merchandise? (from customer to your business)

  16. 8. How would you record a return of merchandise? (from customer to your business)

  17. 9. How would you record a sale of $1000 inventory on account? Cost of goods sold is $600

  18. 9. How would you record a sale of $1000 inventory on account? Cost of goods sold is $600

  19. 10. What entry would be made to establish a petty cash fund?

  20. 10. What entry would be made to establish a petty cash fund?

  21. 11. Petty Cash was established with $300. The current balance is $50.Office supplies $100Delivery Expense$144What is the entry to replenish that?

  22. 11. Petty Cash was established with $300. The current balance is $50.Office supplies $100Delivery Expense$144What is the entry to replenish that?

  23. 12. What is the entry to record borrowing a 10% note payable. Borrowed amount is $10,000.

  24. 12. What is the entry to record borrowing a 10% note payable. Borrowed amount is $10,000.

  25. 13. What is the entry for paying back a 10% note payable. Borrowed amount is $10,000.

  26. 13. What is the entry for paying back a 10% note payable. Borrowed amount is $10,000.

  27. 14. What is the entry for recording a dividend that was previously declared? The dividend is $.50 per share on 50,000 shares

  28. 14. What is the entry for recording a dividend that was previously declared? The dividend is $.50 per share on 50,000 shares

  29. 15. Furniture purchased for $20,000Accumulated Depreciation $17,000Sold for $3,500What is the journal entry for the sale of this furniture?

  30. 15. Furniture purchased for $20,000Accumulated Depreciation $17,000Sold for $3,500What is the journal entry for the sale of this furniture?

  31. 16. What is the entry to record owner withdrawal?

  32. 16. What is the entry to record owner withdrawal?

  33. 17. What is the entry to record purchasing a building with some cash down and signing a note for the remainder amount?

  34. 17. What is the entry to record purchasing a building with some cash down and signing a note for the remainder amount?

  35. 17. What is the entry to record the receipt of rent in advance?

  36. 17. What is the entry to record the receipt of rent in advance?

  37. 18. What is the adjusting entry for supplies?

  38. 18. What is the adjusting entry for supplies?

  39. 19. What is the adjusting entry for prepaid expenses used up?

  40. 19. What is the adjusting entry for prepaid expenses used up?

  41. 19. What is the entry for issuing common stock for cash?

  42. 19. What is the entry for issuing common stock for cash?

  43. 20. What is the entry for purchasing treasury stock?

  44. 20. What is the entry for purchasing treasury stock?

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