Using the information given in E4 1 prepare the journal

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Using the information given in E4- 1, prepare the journal entry for each transaction for Miller
Manufacturing.E4-1a. Bought office equipment with cash, $ 30,000. b. Bought supplies on credit
from a vendor, $ 15,000. c. Sold goods for cash, $ 40,000 (ignore the inventory and cost of
goods sold entry of this transaction). d. Bought raw materials from a supplier on account, $
22,000. e. Sold goods to customers on account, $ 65,000 (ignore the inventory and cost of
goods sold entry of this transaction). f. Purchased raw materials by issuing a note payable, $
14,000. g. Paid cash toward note payable balance, $ 4,000. h. Received cash from customer to
apply to credit account balance, $ 3,000. i. Paid for accounting and legal fees in cash, $ 5,000. j.
Paid salaries in cash, $ 12,000. Show the effect of each transaction on assets, liabilities, and
equity using the accounting equation.View Solution:
Using the information given in E4 1 prepare the journal

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