Record the following transactions for the Stroud Music Store:
(a)Provide music lessons to students for $12,000 on account.
(b)Purchase music supplies on account,$1,500.
(c)Pay rent for the current month,$2,000.
(d)Receive $10,000 cash from students in (a)above.
Correct Answer:
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Accounts Receivable 12,000...
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