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(Solved): Journalize the following transactions. You may omit explanations. 1. Purchased $975 of supplies on ...
Journalize the following transactions. You may omit explanations. 1. Purchased of supplies on account. 2. Paid salaries of . 3. Purchased a building costing by paying cash and putting the remainder on a 5 -year note.
Expert Answer
1. Journal entry to record the purchase of supplies on account :DateAccountDrCrSupplies$975Accounts Payable$975To record the purchase of supplies on a