Prepare the general journal at the end of the accounting year to transfer sales of $25 000
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Prepare the general journal at the end of the accounting year to transfer sales of $25 000 to the trading account.
Show the sales balance of $25 000 in a simple T account format. Post the journal and balance the T accounts, as appropriate.
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Journal Entry and TAccounts for Transferring Sales Journal Entry Date ...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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