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Business · Accounting
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Adjusting journal entry
079 1 Latin America 756 323 42.7 $16,191 $980 6. a, Total revenues $17.171 Illustrative Problem Selected transactions of OMalley Co. for the month of May are as follows: a. May 1. Issued Check No.1001 in payment of rent for May, $1,200. 2. Purchased office supplies on account from McMillan Co., $3,600. 4. Issued Check No. 1003 in payment of freight charges on the supplies purchased on May 2, $320. 8. Provided services on account to Waller Co., Invoice No. 51, $4,500. 9 Issued Check No. 1005 for office supplies purchased, $450 10. Received cash for office supplies sold to employees at cost, $120. 11. Purchased office equipment on account from Fender Office Products $15,000 12. Issued Check No. 1010 in payment of the supplies purchased from McMillan Co. on May 2, $3,600 16. Provided services on account to Riese Co., Invoice No.58, $8,000. 18. Received $4,500 from Waller Co. in payment of May 8 invoice. 20. Invested additional cash in the business, $10,000. 25. Provided services for cash, $15,900 30. Issued Check No. 1040 for withdrawal of cash for personal use, $1,000. 30. Issued Check No. 1041 in payment of electricity and water invoices, m. $690. 30. Issued Check No. 1042 in payment of office and sales salaries for May $15,800.
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