Question

Terrapin Company engages in the following external transactions for November Save & Exit 1. Purchase equipment in exchange for cash of $21,200. 2. Provide services to customers and receive cash of $4.900. 3. Pay the current month's rent of $1.500. 4. Purchase office supplies on account for $1,000. 5. Pay employee salaries of $1,300 for the current month Required: Record the transactions. Terrapin uses the following accounts: Cash Supplies. Equipment Accounts Payable. Service Revenue, Reel Expense, and Salaries Expense. Of no entry is required for a transaction event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet 2 3 4 Purchase equipment in exchange for cash of $21, Note: Enter debits before credits Transaction General Journal Record entry Che entry View general journal

Answer 1

1	Equipment	21200
	Cash		21200
2	Cash	4900
	Service Revenue		4900
3	rent expense	1500
	Cash		1500
4	Office supplies	1000
	Accounts Payable		1000
5	salaries expense	1300
	Cash		1300