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1 Feb1, 2020 Andrea Lee opened a new business by depositing $19,000 cash into the business 2 Feb2, 2020 Business paid six month rent for $9000 in cash 3 Feb5, 2020 Business bought $3000 printer for the office on account. 4 Feb7, 2020 Andrea took $1000 out of the business bank account for personal use 5 Feb8, 2020 Business made an $5000 service agreement with client for the services to be provided in Mar. Feb10, 2020 Business purchased $2100 office stationeries, paid in cash 6 7. Feb12, 2020 Business received $5,700 cash from the customer for the services provided. 8 Feb25, 2020 Business billed the client $7500 for the service completed for the 2nd week of the February. 9 Feb26, 2020 Business paid the amount owing for Transaction #3 10 Feb28, 2020 Business received customer money in full for the Transaction#8 11 Feb28, 2020 Business got the Feb, 2020 telephone bill for $350, paid in cash Please prepare the accounting entries for the above transactions happened in Feb, 2020 and submit the scanned PDF here(Please make sure to write Date, name, student ID. H?P Assignme

User Alex Lu
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The given transactions involve the opening of a business by Andrea Lee, and the subsequent operations that took place in February 2020. The accounting entries for these transactions are as follows:Transaction 1: Feb 1, 2020Andrea Lee opens a new business by depositing $19,000 cash into the businessAccount debited: CashAccount credited: Andrea Lee, CapitalTransaction 2: Feb 2, 2020Business paid six month rent for $9000 in cashAccount debited: Rent ExpenseAccount credited: CashTransaction 3: Feb 5, 2020Business bought $3000 printer for the office on account.Account debited: PrinterAccount credited: Accounts PayableTransaction 4: Feb 7, 2020Andrea took $1000 out of the business bank account for personal use.Account debited: Andrea Lee, DrawingAccount credited: CashTransaction 5: Feb 8, 2020Business made an $5000 service agreement with client for the services to be provided in Mar.Account debited: Accounts ReceivableAccount credited: Service RevenueTransaction 6: Feb 10, 2020Business purchased $2100 office stationeries, paid in cash.Account debited: Office SuppliesAccount credited: CashTransaction 7: Feb 12, 2020Business received $5,700 cash from the customer for the services provided.Account debited: CashAccount credited: Service RevenueTransaction 8: Feb 25, 2020Business billed the client $7500 for the service completed for the 2nd week of the February.Account debited: Accounts ReceivableAccount credited: Service RevenueTransaction 9: Feb 26, 2020Business paid the amount owing for Transaction #3.Account debited: Accounts PayableAccount credited: CashTransaction 10: Feb 28, 2020Business received customer money in full for the Transaction#8.Account debited: CashAccount credited: Accounts ReceivableTransaction 11: Feb 28, 2020Business got the Feb, 2020 telephone bill for $350, paid in cash.Account debited: Telephone ExpenseAccount credited: CashA scanned PDF of the accounting entries for these transactions can be submitted to fulfill this assignment.

User Fynn Mahoney
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