The general ledger for King Consulting contains the following accounts: Required Recreate the nine journal entries that
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Recreate the nine journal entries that resulted in King's ledger balances.
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Cash Accounts Receivable 14,200 13,000 19,300 15,000 23,500 7,200 13,00010,500 5,000 1,000 32,800 5,500 Salaries Expense 10,500 10,500 Accounts Payable 7,200 8,100 900 Service Revenue Supplies 14,200 19,300 33,500 8,100 8,100 Dividends 1,000 1,000 Common Stock 23,500 23,500
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Cash 23500 Common Stock 23500 Accounts Receivable 14200 Service Revenue 14200 Cash 1...View the full answer
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A journal entry is an act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company\'s debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit
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