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Question 1 View Policies Current Attempt in Progress Concord Corporation prepares quarterly financial statements. The post-cl
During the first quarter of 2022, the following transactions occurred: 1. On February 1. Concord collected fees of $6,000 in
Debit memo: Bank service charge (record as operating expense) (100) Ending bank balance $68,240 2. Record revenue earned from
5 4232O2U-14 Record journal entries for transactions 1-9. (Credit account titles are automatically indented when amount is en
urses/35737/assignments/4252482?module_item_id=13447481 6. 8. 9. (To record depreciation expense) (To record sale of equipmen
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Answer #1
Date No. Account Titles and Explanation Debit Credit
Feb 1 1 Cash        6,000
Unearned Service Revenue        6,000
(To record fees in advance)
Feb 1 2 Equipment        9,600
Cash        3,000
Accounts Payable        6,600
(To record purchase of equipment)
March 1 3 Patents        9,600
Cash        9,600
(To record purchase of patent)
March 28 4 Accounts Receivable     150,000
Sales Revenue     150,000
(To record sales on account)
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