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General Ledger Problem Question and answers 100% correct 2024/2025 $13.99   Add to cart

Exam (elaborations)

General Ledger Problem Question and answers 100% correct 2024/2025

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  • ACCT
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  • ACCT

General Ledger Problem Question and answers 100% correct 2024/2025 General Ledger Problem #1 Journal Entries Journal Entry Record the issuance of additional shares of common stock, $29,000 DR: Cash $29,000 CR: Common Stock $29,000 Journal Entry Record the entry for services provided to...

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  • October 2, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • ACCT
  • ACCT
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Academia199
General Ledger Problem #1 Journal
Entries
Journal Entry
Record the issuance of additional shares of common stock, $29,000
DR: Cash $29,000
CR: Common Stock $29,000




Journal Entry
Record the entry for services provided to customer for cash $44,000, and on
account $39,000.
DR: Cash $44,000
DR: Accounts Receivable $39,000
CR: Service Revenue $83,000




Journal Entry
Record the salaries paid to employees for work in 2024, $32,000.
DR: Salaries Expense $32,000
CR: Cash $32,000




Journal Entry
Record the purchase of rental space for one year, $21,000.
DR: Prepaid Rent $21,000

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