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1. Record the following transactions in the general journal and post them to the general ledger. 2. Prepare a trial balance as of November 30, 201X. Assume the following transactions: Nov. 1 Billed Vita Needle Company $6,800, invoice no. 12675, for services rendered. 3 Billed Accu Pac, Inc., $3,900, invoice no. 12676, for services rendered. 5 Purchased new shop benches for $1,400 on account from System Design Furniture. 9 Received the phone bill, $150. 12 Collected $500 of the amount due from Taylor Golf. 18 Collected $800 of the amount due from Taylor Golf. 20 Purchased a fax machine for the office from Multi Systems, Inc., on credit, $450.00. Slater, Jeffrey (2012-02-08). College Accounting: A Practical Approach (12th Edition) (Page 287). Pearson HE, Inc.. Kindle Edition.
rossi company has the following projected account balances for june 30 20x9 accounts payable 60000
Justin and Tiffany form the equal TJ Partnership, Justin contributes cash of $20,000 and land (fair market value of $80,000, adjusted basis of $65,000), and Tiffany contributes the assets of her sole proprietorship (value of $100,000, adjusted bas..
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During 2012 Daveo sells inventory costing $200,000 to BUA301co for 400,000 on credit. Daveo is concerned about collectability of the receivable so accounts for the transaction under the installment Sales method. Before the end of the year BUA301co..
in the month of april a department had 500 units in the beginning work in process inventory that were 60 complete.
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