The following transactions occurred during July 2015 from Dragon Boat, Inc.'s operations: Requirements 1. For each T-account,

Question:

The following transactions occurred during July 2015 from Dragon Boat, Inc.'s operations:

Accounts Payable Cash Revenue 800 2,000 5,900 2,500 800 1,300 (2) (1) (4) 2,100 1,600 Salaries Payable Salaries Expense

Requirements
1. For each T-account, calculate the missing amount.
2. Explain transactions (1) to (4), which resulted in the entries in the T-accounts.
3. Prepare the trial balance for Dragon Boat, Inc. at the end of July.

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Financial Accounting

ISBN: 978-0133375534

2nd Canadian edition

Authors: Jeffrey Waybright, Robert Kemp, Sherif Elbarrad

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Question Posted: Feb 12, 2018 10:30 AM

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The following transactions occurred during July 2015 from Dragon Boat, Inc.'s operations: Requirements 1. For each T-account,

Question:

Accounts Payable Cash Revenue 800 2,000 5,900 2,500 800 1,300 (2) (1) (4) 2,100 1,600 Salaries Payable Salaries Expense Accounts Receivable 2,500 4,400 (3) 6,100 (3) 2,400 (1) 2,300 5,900 Dividends Supplies (4) 1,300 (2) 2,900

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Req 1 Cash Accounts Payable Revenue 2000 2500 800 1300 1 5800 5900 ...View the full answer

Financial Accounting

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