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San Diego State University Operations And Supply Chain Management Assignment Help - Interest


Question - EZ Curb Company completed the following transactions during 2010. The annual accounting period
ends December 31, 2010.
Jan. 8 Purchased merchandise on account at a cost of $14,000. (Assume a perpetual inventory
system.)
17 Paid for the January 8 purchase.
Apr. 1 Received $40,000 from National Bank after signing a 12-month, 6 percent, promissory note.
June
3 Purchased merchandise on account at a cost of $18,000.
July 5 Paid for the June 3 purchase.
Aug.
1
Rented out a small office in a building owned by EZ Curb Company and collected six months'
rent in advance amounting to $6,000. (Use an account called Unearned Rent Revenue.)
Dec.
20
Received a $100 deposit from a customer as a guarantee to return a large trailer "borrowed"
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