Homework Answers
a.
| Oct. 10 | Supplies | $1,800 | |
| Accounts payable | $1,800 |
b.
| Oct. 25 | Accounts payable | $1,800 | |
| Cash | $1,800 |
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On October 10, Nikle Company purchased supplies for $1,800 on account. On October 25, Nikle Company...
1) On October 10, Nickle Company purchased supplies for $1,800 on account. On October 25, Nickle...
1) On October 10, Nickle Company purchased supplies for $1,800 on account. On October 25, Nickle Company paid the invoice. Journalize the entries required for these transactions 2) On October 17, Nickle Company purchased a building and a plot of land for $750,000. The building was valued at $500,000, while the land carried a value of $250,000. Nickle paid $300,000 down in cash and signed a note payable for the balance. Journalize the entry required for this transaction. 3) On...
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