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14 May, 12:27

Presented below is the ledger for Swifty Corporation. Cash No. 101 10/1 5,700 10/4 430 10/10 660 10/12 1,260 10/10 3,600 10/15 250 10/20 450 10/30 470 10/25 2,400 10/31 500 Accounts Receivable No. 112 10/6 900 10/20 450 10/20 500 Supplies No. 126 10/4 430 Equipment No. 157 10/3 3,200 Notes Payable No. 200 10/10 3,600 Accounts Payable No. 201 10/12 1,260 10/3 3,200 Common Stock No. 311 10/1 5,700 10/25 2,400 Dividends No. 332 10/30 470 Service Revenue No. 400 10/6 900 10/10 660 10/20 500 Salaries and Wages Expense No. 726 10/31 500 Rent Expense No. 729 10/15 250 Collapse question Reproduce the journal entries for the transactions that occurred on October 1, 10, and 20

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  1. 14 May, 15:33
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    October 1st:

    Cash 5,700 debit

    Common Stock 5,700 credit

    October 10th

    Cash 660 debit

    Service revenue 660 credit

    Cash 3,600 debit

    Note payable 3,600 credit

    October 20th

    accounts receivable 500 debit

    service revenue 500 credit

    Explanation:

    journal entries for the transactions that occurred on October 1, 10, and 20

    October 1st:

    Cash No. 101 10/1 5,700

    Common Stock No. 311 10/1 5,700

    October: 10/10

    Cash No. 101 10/10 660

    Cash No. 101 10/10 3,600

    Service Revenue No. 400 10/10 660

    Notes Payable No. 200 10/10 3,600

    October 20th

    Accounts Receivable No. 112 10/20 500

    Service Revenue No. 400 10/20 500
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