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  3. your co-worker wanted the afternoon off and you gr

Your co-worker wanted the afternoon off and you graciously agreed to finish up his work...

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Accounting

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Your co-worker wanted the afternoon off and you graciously agreed to finish up his work for him. Use the completed journal entries provided and post them to their T-accounts. Assume all accounts start with a zero balance Compute the balance of each account and mark it as Bal (Click the icon to view the journal entries.) (If a box is not used in the t-accounts leave the box empty, do not select a label or enter a zero.) Cash Medical Supplies Accounts Payable Bal. Bal Bal Bal Bal Bal Theo Moffat, Capital Service Revenue Rent Expense Bal. Bal Bal Bal Bal Bal Accounts Debit Credit May 1|| Cash 34,000 Theo Moffat, Capital 34.000 Received investment from owner. May 2 Medical Supplies 11,500 Accounts Payable 11,500 Purchased supplies on account. May 2 Rent Expense 4,600 Cash 4.600 Paid office rent for May. May 3|| Cash 7,800 Service Revenue 7.800 Performed service for cash. May 5 Accounts Payable 3,700 Cash 3,700 Partial payment of balance on account

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