When you added up the value of these clothing inventory items they came to a grand total
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- When you added up the value of these clothing inventory items they came to a grand total $ in estimated fair value as of You originally paid $ for these items. You also withdrew $ of your personal savings to get your business started. You decided to deposit $ of the cash in a separate business checking account and kept $ of the cash as a business petty cash fund to make cash purchases of items for resale at yard sales and thrift shops You keep this $ in a separate money bag for your business and keep a notebook with the cash to keep track of your purchases as you make them and use the cash. How do you enter the journal entries?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: