Terapin Company engages in the following external transactions for November. 1. Purchase equipment in exchange for cash of $22,400. 2. Provide services to customers and receive cash of $4,600. 3. Pay the current month's rent of $1,600. 4. Purchase office supplies on account for $800. 5. Pay employees' salaries of $1,100 for the current month. Required: Record the transactions.
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Home » Business » Terapin Company engages in the following external transactions for November. 1. Purchase equipment in exchange for cash of $22,400. 2. Provide services to customers and receive cash of $4,600. 3. Pay the current month's rent of $1,600. 4.