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How you would balance each of these accounts using T charts

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Question - Reha is working on her favorite thing ever - T accounts for PB&J Cafe Co. Currently, she's working with the T accounts for the following accounts:

The Peanut Gallery--a liability--from which PB&J Cafe Co. buys its bushels of peanuts, has a credit of $500.

For Rover's Sake--an asset--for which PB&J Cafe Co. provides catering services, has a debit of $375.

Describe how you would balance each of these accounts, using T charts.

Reference no: EM132732793

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