Refer to Exercise 2-3 for the transactions of Miramar Electronics. Required 1. Open the following T-accounts with
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Refer to Exercise 2-3 for the transactions of Miramar Electronics. Required 1. Open the following T-accounts with their December 1 balances: Cash, debit balance $6,000: Land, debit balance $29,000: Martha Cross, Capital, credit balance $35.000. 2. Record the transactions of Exercise 2-3 directly in the T-accounts affected. Use the dates as posting references. Journal entries are not required. 3. Compute the December 31 balance for each account, and prove that total debits equal total credits.
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Related Book For
Accounting
ISBN: 9780130906991
5th Edition
Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones
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