Record the following selected transactions for April in a two-column journal.
a. Received $18,000 from Katie Long, owner.
b. Purchased equipment for $27,000, paying $10,000 in cash and giving a note payable for the remainder. If an amount box does not require an entry,
leave it blank.
c. Paid $2,300 for rent for April.
Rent Expense
Cash
2,300
2,300
d. Purchased $1,500 of supplies on account.
Supplies
Accounts Payable
1,500
1,500
e. Recorded $9,800 of fees earned on account.