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photoshop1234 [79]
3 years ago
9

The following transactions occur for the Wolfpack Shoe Company during the month of June:

Business
1 answer:
inessss [21]3 years ago
4 0

Answer:

Please see the attached snapshots for the answers.

Explanation:

a.

Debit: Cash $30,000

Credit: Service Revenue $30,000

To record Service Revenue.

b.

Debit: Supplies $20,000

Credit: Accounts Payable $20,000

To record purchase of supplies on account.

c.

Debit: Salaries Expense $7,000

Credit: Cash $7,000

To record salaries Expense.

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Explanation:

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The key to success for big and small businesses alike is
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Suppose the economy is in long-run equilibrium at the level of potential output. What will be the long-run effect of an expansio
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Higher prices.

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