On 1 February 2022, T Abella commenced business with $50 000 bank and a loan from Strate
Question:
On 1 February 2022, T Abella commenced business with $50 000 bank and a loan from Strate bank $20 000.
On 3 February T Abella purchased the existing continuing business of T Longman for $48 000 and acquired premises $25 000, machinery $9000 and inventory $4000.
Show both transactions in the general journal of T Abella.
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General Journal for T Abella Date Description Account Debited Account Credited A...View the full answer
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Related Book For 
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
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