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Terrapin company engages in the following external transactions for november. purchase equipment in exchange for cash of $22,400. provide services to customers and receive cash of $6,000. pay the current month's rent of $1,700. purchase office supplies on account for $1,000. pay employee salaries of $1,700 for the current month. required: record the transactions. terrapin uses the following accounts: cash, supplies, equipment, accounts payable, service revenue, rent expense, and salaries expense.
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