The following is the general journal of Dee's Fur Company for the month of November: Required a.
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a. Post the journal entries to the appropriate T-accounts assuming Dee's Fur starts its business in November.
b. Prepare a trial balance for the month ending November 30
Transcribed Image Text:
Date Account Titles Debit Credit 15,000 Nov. 1 Cash Common Stock 15,000 8Equipment 5,000 Accounts Payable Cash 3,000 7,500 1,700 5,000 1,500 2,000 7,500 1,700 5,000 1,500 11 Accounts Receivable Service Revenue 18 Accounts Payable Cash 21 Cash Notes Payable 24 Dividends Cash 25 Cash 3,500 Accounts Receivable 3,500
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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