Read each transaction and identify the journal in which the transaction should be recorded.
1. Recorded adjusting journal entry for accrued interest
2. Performed advising services on account
3. Purchased office supplies on account
4. Borrowed money for expansion project
5. Received $500 from Tool Tech. on account
6. Owner withdrew cash for personal use
7. Paid monthly rent
8. Recorded depreciation on equipment
9. Completed Job 34aG for services provided to Beard Co.
10. Purchased inventory on account

Question

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The Answer of Read each transaction and identify the journal in which the transaction should be recorded.
1. Recorded adjusting journal entry for accrued interest
2. Performed advising services on account
3. Purchased office supplies on account
4. Borrowed money for expansion project
5. Received $500 from Tool Tech. on account
6. Owner withdrew cash for personal use
7. Paid monthly rent
8. Recorded depreciation on equipment
9. Completed Job 34aG for services provided to Beard Co.
10. Purchased inventory on account

Read Each Transaction and Identify the Journal in Which the Transaction