CityBnBs records showed the following beginning balances on July 31, 2023. Using the information provided and the

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CityBnB’s records showed the following beginning balances on July 31, 2023. Using the information provided and the analysis completed in QS 2-6 and QS 2-7, complete the following:

Data From QS2-6

Douglas Malone started CityBnB, which is a bed and breakfast in Vancouver. CityBnB offers accommodations and breakfast to travellers exploring the city. The following are the transactions for the month of August.

1. Post the journal entries to the general ledger using T-accounts. Include the date of each transaction next to your posting.
2. Calculate the balance in each T-account.
3. Prove the accounting equation (Assets = Liabilities + Equity).

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Related Book For  book-img-for-question

Fundamental Accounting Principles Volume 1

ISBN: 9781260881325

17th Canadian Edition

Authors: Kermit D. Larson, Heidi Dieckmann, John Harris

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