Create T-accounts for cash (opening balance $4000), inventory (opening balance $2000), sales revenue and COGS and then
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Create T-accounts for cash (opening balance $4000), inventory (opening balance $2000), sales revenue and COGS and then post the following from the general journal to the ledger accounts.
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10 Feb 2019 DR CR DR CR Cash Sales revenue COGS Inventory 1500 1100 1500 1100
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Related Book For
Financial Accounting An Integrated Approach
ISBN: 9780170411028
7th Edition
Authors: Ken Trotman, Elizabeth Carson
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