Essay
Journalize the following transactions for Mercado Company for June 2014, the company's first month of operations. You may omit explanations for the transactions.
1. Purchased equipment on account for $6,000.
2. Billed customers $5,000 for services performed.
3. Made payment of $1,500 on account for equipment purchased earlier in month.
4. Collected $2,400 on customer accounts.
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1. Equipment 6000
Accounts Pay...View Answer
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