(1)Borrowed $5,000 from the bank.______ (2)A customer returned a $250 item purchased on account.______ (3)Purchased merchandise on account, $2,700.______ (4)Purchased a display rack on account for $4,700.______ (5)Paid $65,000 in wages and salaries.______ (6)Paid a utility bill for $3,400.______ (7)Purchased $1,590 of store supplies on account.______ (8)Recorded depreciation on store equipment of $4,000.______ (9)Returned defective inventory purchased on account, $2,900.______ (10)Recorded cash sales of $14,700.

Question

Quizplus · Accepted Answer

The Answer of (1)Borrowed $5,000 from the bank.______ (2)A customer returned a $250 item purchased on account.______ (3)Purchased merchandise on account, $2,700.______ (4)Purchased a display rack on account for $4,700.______ (5)Paid $65,000 in wages and salaries.______ (6)Paid a utility bill for $3,400.______ (7)Purchased $1,590 of store supplies on account.______ (8)Recorded depreciation on store equipment of $4,000.______ (9)Returned defective inventory purchased on account, $2,900.______ (10)Recorded cash sales of $14,700.

(1)Borrowed $5,000 from the Bank