Selected transactions from the journal of J. L. Kang, Inc., an investment brokerage corporation, are presented here:

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\section*{Instructions}

(a) Post the transactions to $\mathrm{T}$ accounts.

(b) Prepare a trial balance at August 31, 1998

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471169192

1st Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jun 13, 2024 02:08 AM

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Selected transactions from the journal of J. L. Kang, Inc., an investment brokerage corporation, are presented here:

Question:

Date Account Titles Debit Credit 1,600 1,600 2,400 2,400 4,000 1,000 3,000 1,400 1,400 900 900 Aug. 1 Cash Common Stock 10 Cash Service Revenue 12 Office Equipment Cash Notes Payable 25 25 Accounts Receivable Service Revenue 31 Cash Accounts Receivable

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Financial Accounting Tools For Business Decision Making

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