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Assignment
How to do T-Account using those journal entries.
1-Aug
Cash
60,000
Common Stock, at par per share
50,000
Paid in Capital
10,000
Inventory
5,000
3-Aug
Assets
3,000
4-Aug
3,750
Account Receivable
Sals
7,500
5-Aug
Salary Expense
11,662
8-Aug
Utility Expense
1,500
10-Aug
7,000
15-Aug
20,000
Retained Earning
6,000
17-Aug
Prepaid Rent
9,000
19-Aug
30,000
Land
24,600
Gain on Sale
5,400
20-Aug
12,000
31-Aug
Supply Expense
3,440
Supplies
1,400
Utility Payable
Interest Receivable
150
Interest Revenue
Prepaid Insurance
4,500
Depreciation Expense
1,237
Accumulated Depreciation-Equipment
528
Accumulated Depreciation-Building
Interest Expense
652.3
Interest Payable
Rent Expense
700
10,780
Salary Payable
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