Terapin Company engages in the following external transactions for November.

Exercise 2-8 Record transactions (LO4)

Terapin Company engages in the following external transactions for November.

  

1.	Purchase equipment in exchange for cash of $21,300.
2.	Provide services to customers and receive cash of $6,100.
3.	Pay the current month's rent of $900.
4.	Purchase office supplies on account for $1,500.
5.	Pay employees' salaries of $1,300 for the current month.

Required:

Record the transactions. Terapin uses the following accounts: Cash, Supplies, Equipment, Accounts Payable, Service Revenue, Rent Expense, and Salaries Expense. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.)