Review the facts given in P2-44B. Requirements 1. Journalize each transaction of Party Time as shown for
Question:
Requirements
1. Journalize each transaction of Party Time as shown for August 1. Explanations are not required.
Aug 1 Cash 400,000
Common stock 400,000
2. Post the transactions to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account Bal, as shown in the chapter.
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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