Fill-in-the-Blank: Using the following Chart of Accounts, identify the accounts used for the following journal entries or state "no entry required" for both account: is required. Chart of Accounts: Cash Equipment Service Revenue Accounts Receivable Land Salaries Expense Supplies Accounts Payable Rent Expense Merchandise Inventory Common Stock Utilities Expense Furniture Sales Revenue no entry required Transaction DR Account CR Account issued common stock for cash purchased supplies on account ordered equipment for the factory purchased land for cash purchased merchandise inventory on account purchased furniture on account rendered services to various clients on account paid for merchandise purchased on account paid for the supplies purchased on account sold merchandise to customer for cash collected from a client for services rendered earlier sold merchandise on account paid salaries

Fill-in-the-Blank: Using the following Chart of Accounts, identify the accounts used for the following journal entries or state "no entry required" for both account: is required. Chart of Accounts: Cash Equipment Service Revenue Accounts Receivable Land Salaries Expense Supplies Accounts Payable Rent Expense Merchandise Inventory Common Stock Utilities Expense Furniture Sales Revenue no entry required Transaction DR Account CR Account issued common stock for cash purchased supplies on account ordered equipment for the factory purchased land for cash purchased merchandise inventory on account purchased furniture on account rendered services to various clients on account paid for merchandise purchased on account paid for the supplies purchased on account sold merchandise to customer for cash collected from a client for services rendered earlier sold merchandise on account paid salaries

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 4EB: For each of the following transactions, state which special journal (Sales Journal, Cash Receipts...

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