Instructions (a) For each of the above transactions, prepare the journal entry to record the initial transaction.
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Instructions
(a) For each of the above transactions, prepare the journal entry to record the initial transaction.
(b) For each of the above transactions, prepare the adjusting journal entry that is required on August 31.
(c) Post the journal entries in parts (a) and (b) to T accounts and determine the final balance in each account balance. Posting to the Cash account is not required.
Prepare adjusting entries for depreciation; calculate carrying amount.
Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118096895
6th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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