(Learning Objectives 2, 3: Understanding how accounting works; journalizing transactions; posting) This problem can be used in...

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(Learning Objectives 2, 3: Understanding how accounting works; journalizing transactions; posting) This problem can be used in conjunction with Problem 2-68B. Refer to Problem 2-68B.

❙ Requirements 1. Journalize the transactions of Rodriguez Resources, Inc. Explanations are not required.

2. Prepare T-accounts for each account. Insert in each T-account its May 31 balance as given (example: Cash €1,450). Then, post the June transactions to the T-accounts.

3. Compute the balance in each account.

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