Use the T-accounts in Exercise 2-19 from Chase Companys first month of operations to prepare its December 31 trial balance. Data From Exercise 2-19 Chase Company posted transactions (a through f) in the following T-accounts in December, its first month of operations. Prepare the six journal entries from which the postings were made. Supplies Accounts Payable Cash f. 1,000 a.
Chapter 2, Exercises #20
Use the T-accounts in Exercise 2-19 from Chase Company’s first month of operations to prepare its December 31 trial balance.
Data From Exercise 2-19
Chase Company posted transactions (a through f) in the following T-accounts in December, its first month of operations. Prepare the six journal entries from which the postings were made.
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Solution: Particulars Debit Credit a Cash 6,000 Capital 6,000 (To record owners investment) b Sup…View the full answer
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