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book Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac cover

Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac

Edition 26ISBN: 978-1285743615
book Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac cover

Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac

Edition 26ISBN: 978-1285743615
Exercise 21
A Journal entry for asset purchase
Prepare a journal entry for the purchase of office equipment on October 27 for $32,750, paying $6,550 cash and the remainder on account.
B Journal entry for asset purchase
Prepare a journal entry for the purchase of office supplies on September 30 for $2,500, paying $800 cash and the remainder on account.
Explanation
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Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac
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