The following list includes a series of accounts for Sanjeev Corporation, which has been operating..

The following list includes a series of accounts for Sanjeev Corporation, which has been operating..

The following list includes a series of accounts for Sanjeev Corporation, which has been operating for three years. These accounts are listed and numbered for identification. Following the accounts is a series of transactions. For each transaction, indicate the account(s) that should be debited and credited by entering the appropriate account number(s) to the right of each transaction. If no journal entry is needed, write none after the transaction. The first transaction is used as an example. 1. Cash 2. Accounts Receivable 3. Supplies 4. Prepaid Expenses 5. Equipment 6. Patents 7. Accounts Payable 8. Note Payable 9. Wages Payable 10. Income Taxes Payable 11. Common Stock 12. Additional Paid-in Capital 13. Retained Earnings 14. Service Revenue 15. Operating Expenses (wages, supplies) 16. Income Tax Expense Interest Expense

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