Record the following transactions for Acme Builders:(a) Purchase office supplies on account, $1,200.(b) Provide services to customers for cash, $2,500.(c) Pay $1,100 in salaries for the current month.

What will be an ideal response?


 (a)Supplies1,200?
?  Accounts Payable?1,200
(b)Cash2,500?
?  Service Revenue?2,500
(c)Salaries Expense1,100?
?  Cash?1,100

Business

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