trial balance and journal entry for all problems 1. invested 80,000 to start business 2. purchase supplies
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trial balance and journal entry for all problems
1. invested 80,000 to start business
2. purchase supplies on account 50,000
3. purchased land for 100,000 paying 200,000 down and signed a note for the rest of the balance
4. paid delivery expense of 20,000
5. car rental revenue earned from corporate customers on account 110,000
6. paid on accounts payable 25,000
7. collections of cash from corporate customers 80,000
8. paid on notes payable 30,000 on principles plus interest of 6,000
Related Book For
Interpreting and Analyzing Financial Statements
ISBN: 978-0132746243
6th edition
Authors: Karen P. Schoenebeck, Mark P. Holtzman
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