On June 15, 202X, Tomkins Company prepared voucher no. 93 to record the purchase of equipment on
Question:
On June 15, 202X, Tomkins Company prepared voucher no. 93 to record the purchase of equipment on account for $870. On June 18, Tomkins Company decided to pay $870 in two equal installments. (Voucher nos. 94 and 95 were prepared.) Prepare the appropriate journal entries in general journal form for June 15 and 18.
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202X Jun 15 Equipment Vou...View the full answer
College Accounting A Practical Approach Chapters 1-25
ISBN: 9780137504282
15th Edition
Authors: Jeffrey Slater, Mike Deschamps
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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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