Identify eachRecord the following transaction for April in a two-column journal using this tabentry letter (Enter the letter in the date column):(a)Received $12,000 from Katie Long, owner.Purchased equipment for $25,000, paying $10,000 in cashand giving a note payable for the remainder.(b)(c)Paid $1,800 for rent for AprilPurchased $9,800 of supplies on account.Recorded $2,250 of fees earned on account(d)(e)(f)Received $9,000 in cash for fees earned(g)Paid $300 to creditors on account(h)Paid wages of $1,650(i)Received $1,190 from customers on account.(j)Recorded owner's withdrawal of $2,350 JournalPage1PostDateDescriptionRef.DebitCredit

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Asked Nov 23, 2019
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Identify each
Record the following transaction for April in a two-column journal using this tab
entry letter (Enter the letter in the date column):
(a)
Received $12,000 from Katie Long, owner.
Purchased equipment for $25,000, paying $10,000 in cash
and giving a note payable for the remainder.
(b)
(c)
Paid $1,800 for rent for April
Purchased $9,800 of supplies on account.
Recorded $2,250 of fees earned on account
(d)
(e)
(f)Received $9,000 in cash for fees earned
(g)
Paid $300 to creditors on account
(h)
Paid wages of $1,650
(i)
Received $1,190 from customers on account.
(j)
Recorded owner's withdrawal of $2,350
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Identify each Record the following transaction for April in a two-column journal using this tab entry letter (Enter the letter in the date column): (a) Received $12,000 from Katie Long, owner. Purchased equipment for $25,000, paying $10,000 in cash and giving a note payable for the remainder. (b) (c) Paid $1,800 for rent for April Purchased $9,800 of supplies on account. Recorded $2,250 of fees earned on account (d) (e) (f)Received $9,000 in cash for fees earned (g) Paid $300 to creditors on account (h) Paid wages of $1,650 (i) Received $1,190 from customers on account. (j) Recorded owner's withdrawal of $2,350

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Journal
Page
1
Post
Date
Description
Ref.
Debit
Credit
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Journal Page 1 Post Date Description Ref. Debit Credit

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Expert Answer

Step 1

Journal entry: Journal entry is a set of economic events which can be measured in monetary terms. These are recorded chronologically and systematically.

Step 2

Journal entry from (a) to ...

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Date Description (a) Cash Katie Long capital To record the cash received from Katie Lomg) Post.Ref Debit (S) Credit (S) 12,000 12,000 (b) Equipment 25,000 Cash 10,000 Notes payable (To record the purchase of lеquipтеnt) 15,000 (c) Rent 1,800 Cash 1,800 (To record the payment of rent) (d) Supplies 9,800 Accounts payable (To record the purchase of supplies on account) 9,800 (e) Accounts receivable 2,250 Revenue 2,250 (To record the fees earned on |асcount)

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