Business, 10.07.2019 05:30 kenleighbrooke67

Paid wages of $1,000 for the current period (example). borrowed $5,000 cash from local bank using a short-term note. purchased $2,000 of equipment on credit. earned $400 of sales revenue; collected cash. received $800 of utilities services, on credit. earned $1,700 of service revenue, on credit. paid $300 cash on account to a supplier. incurred $70 of travel expenses; paid cash. earned $400 of service revenue; collected half in cash, with balance on credit. collected $100 cash from customers on account. incurred $300 of advertising costs; paid half in cash, with balance on credit.

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Paid wages of $1,000 for the current period (example). borrowed $5,000 cash from local bank using a...