Using the T accounts provided, post the following February journal entries to the general ledger and calculate
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Using the T accounts provided, post the following February journal entries to the general ledger and calculate the ending balances.
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Feb. 1 Feb. 1 Feb. 5 10,000 Service Revenue 4,550 Dr. Cr. Feb. 8 Dr. Cr. Feb. 12 Dr. Cr. Cash Feb. 18 Dr. Cr. Feb. 25 Dr. Cr. Cash Supplies Cash Feb. 1 Service Revenue Feb. 1 Accounts Receivable Service Revenue Cash Repairs Expense Cash Accounts Receivable 8,550 Supplies Expense 500 Accounts Receivable Feb. 1 Feb. 1 Repairs Expense 1,200 2,300 850 1,525 325 Supplies 5,000 1,500 2,300 850 1,525 325 1,500
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Feb 1 5 25 Bal Feb 1 Bal 8 Feb 1 Bal Cash 10000 2300 150...View the full answer
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Related Book For
Accounting Principles Volume 1
ISBN: 9781119786818
9th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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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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