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1) Prepare the initial trial balance at 001.2020. ( Propose a value for the accounts with a missing balance and/or add more accounts in order

1) Prepare the initial trial balance at 001.2020. (Propose a value for the accounts with a missing balance and/or add more accounts in order to make sure that the main accounting equation and the rule of totals for trial balance are applied.)

2) Propose and journalize 10 business transactions for the company for the period 001.2020-31.01.2020. (Indicate the transactions as a text/description and then record them into the journal and T-accounts.)

3) Prepare the unadjusted trial balance at 31.01.2020.

Cash

83.600

Banks

19.000

Checks

43.000

Accounts Receivable

56.000

Notes Receivable

67.400

Allowance for Uncollectible Accounts

16.000

Inventory

Prepaid Expenses - Rent

50.400

Accounts Payable

135.000

Notes Payable

152.600

Dividends

26.000

Tax payable

Bank Loan

228.000

Bonds Issued

230.000

Buildings

Furniture and fixture

250.000

Accumulated Depreciation - Buildings

30.000

Capital Stock

537.000

Unearned Revenue

110.000

Retained Earnings

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