Jefferson Framers engaged in the following transactions a

Purchased land for #2266

Jefferson Framers engaged in the following transactions a Purchased land for

Jefferson Framers engaged in the following transactions:

a. Purchased land for $35,200 cash.

b. Purchased equipment for $16,400 in exchange for a 1-year, 8% note payable.

c. Purchased office supplies on credit for $1,500 from Office Depot.

d. Paid the $15,000 principal plus $600 interest on a note payable.

e. Paid an account payable in the amount of $3,150.

f. Provided $65,300 of services on credit.

g. Provided $15,400 of services for cash.

h. Collected $32,800 of accounts receivable.

i. Paid $10,300 of wages in cash.

j. Issued common stock for $40,000 cash.

Required:

Using a table like the one below, enter the necessary information for each transaction. Enter the
debits before the credits. Transaction a is entered as an example.

Jefferson Framers engaged in the following transactions a Purchased land for

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