Several transactions that occurred during December 20X1, the first month of operation for Wells Accounting Services, follow.

Question:

Several transactions that occurred during December 20X1, the first month of operation for Wells’ Accounting Services, follow. The company uses the general ledger accounts listed below.

INSTRUCTIONS

Record the transactions in the general journal (page 1) and post to the appropriate accounts.

Analyze:

Describe the activity for account 202 during the month.

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College Accounting A Contemporary Approach

ISBN: 9781260780352

5th Edition

Authors: David Haddock, John Price, Michael Farina

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Question Posted: Jul 05, 2022 01:11 AM

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Several transactions that occurred during December 20X1, the first month of operation for Wells Accounting Services, follow.

Question:

Cash Accounts Receivable Office Supplies Computers Office Equipment 101 111 121 131 141 Furniture & Fixtures Accounts Payable Carolyn Wells, Capital Fees Income 151 202 301 401

Step by Step Answer:

DATE ACCOUNTS DEBIT CREDIT Dec 3 Cash 50000 Carolyn Wells Capital 50000 Dec 4 Computers 5000 ...View the full answer

College Accounting A Contemporary Approach

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