Question 1 of 30
A company is analyzing its financial performance for the last quarter and needs to prepare its General Ledger (GL) entries. The company has the following transactions:
Sold goods worth $10,000 on credit, with a cost of goods sold (COGS) of $6,000.
Paid $2,000 in cash for office supplies.
Received $1,500 in cash from a customer for a previous sale.
Accrued $800 in wages that will be paid next month.

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