Four transactions for Automotive Maintenance and Repair Shop that took place in November 20X1 appear below, along

Question:

Four transactions for Automotive Maintenance and Repair Shop that took place in November 20X1 appear below, along with the general ledger accounts used by the company.


INSTRUCTIONS

Record the transactions in the general journal and post them to the appropriate ledger accounts. Be sure to number the journal page 1 and to write the year at the top of the Date column. 


Table Summary: 

A list is shown in nine rows and two columns. Account names are shown in the first column and numbers in the second column.101 111 121 131 Machinery 141 Equipment 151 Accounts Payable 202 Beatrice Wilson, Capital 301 Fees Income 401


Table Summary: 

Table has transaction dates from the month of November in first column and a description of the transactions in the second column.DATE TRANSACTIONS Nov. 1 Beatrice Wilson invested $100,000 in cash plus tools with a fair market value of


Analyze: 

What liabilities does the business owe as of November 30?

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Step by Step Answer:

Related Book For  book-img-for-question

College Accounting A Contemporary Approach

ISBN: 9781265647308

6th Edition

Authors: M. David Haddock, John Price, Michael Farina

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