Scott DeShazo opened a new business as a tennis instructor and completed a number of transactions during

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Scott DeShazo opened a new business as a tennis instructor and completed a number of transactions during May, the first month of operation. He recorded all transactions with double entries in just two accounts, Cash and "Income." At the end of the first month, he asks you to review his records and improve his ledger. Based on the following information, you should present a compound general journal entry dated May 31 to show your corrections and improvements.

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Financial Accounting

ISBN: 9780256091939

5th Edition

Authors: Kermit D. Larson, Paul B. W. Miller

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