1. On January 1, 2020, purchased office furniture for $14,000. 2. On March 1, paid...
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Accounting
1. On January 1, 2020, purchased office furniture for $14,000. 2. On March 1, paid $6,000 for an insurance policy that provides coverage for 12 months beginning immediately. 3. Purchased $2,000 of supplies for cash. 4. Provided $41,000 of services for cash. 5. Paid $9,200 for salaries expense. 6. On April 1, received $14,000 for services that will be performed over the next 12 months beginning immediately.
1. In journal entry form, record the transactions that occurred during 2020, items 1 through 6.
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