Sophie Vaillancourt started an investment management business, Vaillancourt Management, on June 1, 2020. During the first month

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Sophie Vaillancourt started an investment management business, Vaillancourt Management, on June 1, 2020. During the first month of operations, the business completed the following selected transactions:

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Required - 1. Record each transaction in the journal.
2. Open the following three-column ledger accounts: Cash, \#1100; Accounts Receivable, \#1300; Office Supplies, \#1400; Office Furniture, \#1500; Building, \#1700; Land, \#1800; Accounts Payable, \#2100; Sophie Vaillancourt, Capital, \#3100; Sophie Vaillancourt, Withdrawals, \#3200; Service Revenue, \#4100; Advertising Expense, \#5100; Equipment Rental Expense, \#5300; Salaries Expense, \#5500; Utilities Expense, \#5700.
3. Post to the accounts and keep a running balance for each account.
4. Prepare the unadjusted trial balance of Vaillancourt Management at June 30, 2020.

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Related Book For  book-img-for-question

Horngrens Accounting Volume 1

ISBN: 9780135359709

11th Canadian Edition

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol Meissner, JoAnn Johnston, Peter Norwood

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