The following information is available about Office Solution's accounting transactions in March 2019. March 2 3...
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The following information is available about Office Solution's accounting transactions in March 2019. March 2 3 Credit 5 10 16 Required: Prepare general journal entries to record the transactions for the entity. Ignore GST. (5 marks) Note: you may wish to copy the table below to write your answers Date Accounts Debit Borrowed $180,000 from a bank. Purchased supplies on credit from a supplier A/K, n/30, $12,000. Paid advertising for the next 12 months $3,500. Paid the supplier A/K the full amount for supplies purchased on 3 March. Owner withdrew $5,000 for personal use. 4 The following information is available about Office Solution's accounting transactions in March 2019. March 2 3 Credit 5 10 16 Required: Prepare general journal entries to record the transactions for the entity. Ignore GST. (5 marks) Note: you may wish to copy the table below to write your answers Date Accounts Debit Borrowed $180,000 from a bank. Purchased supplies on credit from a supplier A/K, n/30, $12,000. Paid advertising for the next 12 months $3,500. Paid the supplier A/K the full amount for supplies purchased on 3 March. Owner withdrew $5,000 for personal use. 4
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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