Choose two appropriate account names for each of the following business transactions. State whether you would debit
Question:
a. Z. Zimmerman commenced business 'ZZ' by contributing cash.
b. Cash sales by ZZ to customer.
c. Paid business registration fees.
d. Paid wages to part-time employee.
e. Cash purchases of inventory.
f. Sold goods on credit to customer.
g. Borrowed money from Happy Rates Bank.
h. Purchased office desk for cash from Looking Good Office Furniture.
i. Received interest from Happy Rates Bank.
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Related Book For
Accounting Business Reporting For Decision Making
ISBN: 9780730302414
4th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
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