PR 2-2A Journal entries and trial balance pg. 91 question 2 - 88501

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On January 1, 2014, Alicia Masingale established Leopard Realty, which completed the following transactions during the month: a. Alicia Masingale transferred cash form a personal bank account to an account to be used for the business, $23, 500. b. Paid rent on office and equipment for the month, $4,000. c. Purchased supplies on account, $1,800. d. Paid creditor on account, $675. e. Earned sales commissions, receiving cash, $16,750. f. Paid automobile expense (including rental charge) for month, $1,000, and miscellaneous expenses, $800. g. Paid office salaries, $2,150. h. Determined that the cost of supplies used was $925. i. Withdrew cash for personal use, $1,600.
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