The following transactions occur for the Panther Detective Agency during the month of July:
a. Purchase a truck and sign a note payable, $15,000.
b. Purchase office supplies for cash, $600.
c. Pay $800 in rent for the current month.
Required:
1. Record the transactions. The company uses the following accounts: Cash, Supplies, Equipment (for the truck), Notes Payable, and Rent Expense. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
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Home » Business » The following transactions occur for the Panther Detective Agency during the month of July: a. Purchase a truck and sign a note payable, $15,000. b. Purchase office supplies for cash, $600. c. Pay $800 in rent for the current month. Required: 1.