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Exercise 2 Instructions:
Record the following selected transactions for April in the general ledger, identifying each entry by letter:
(a) Received $18,000 from Katie Long, owner.
b) Purchased equipment for $27,000, paying $10,000 in cash and giving a note payable for the remainder.
c) Paid $2,300 for rent for April.
(d) Purchased $1,500 of supplies on account.
(e) Recorded $9,800 of fees earned on account.
(f) Received $7,500 in cash for fees earned.
(g) Paid $1,200 to creditors on account.
(h) Paid wages of $3,425.
(i) Received $7,900 from customers on account.
(j) Recorded owner's withdrawal of $1,875.
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