1. Open T-accounts for each of the following items: Cash; Prepaid Rent; Office Supplies; Automobile; Jeff Sims,...
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1. Open T-accounts for each of the following items: Cash; Prepaid Rent; Office Supplies; Automobile; Jeff Sims, Capital; Commissions Earned; and Gas and Oil Expense.
2. Post the transactions of Exercise 2-10 to the T-accounts. Omit posting reference numbers.
3. Prepare a trial balance of the T-accounts.
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