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a) Analyze each of the preceding source documents and prepare journal entries using this information only. Also, all bills are recorded in the journal on
a) Analyze each of the preceding source documents and prepare journal entries using this information only. Also, all bills are recorded in the journal on the day they are received. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan).
Note: - There were 10,000 shares issued and outstanding on July 31,2023. - Depreciation on the building is $500 per month. - Apex Consulting Corp.'s salaries expense is a total of $950 per day for each work day (Monday-Friday) in the month (for simplicity, please ignore all statutory holidays). The following source documents are from August : a) Analyze each of the preceding source documents and prepare journal entries using this information only. Note that some source documents may not require an entry. Also, all bills are recorded in the journal on the day they are received. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan ). Date: August 31, 2023 From: Frank Levens To: Office Assistant Subject: Cash Disbursement Please prepare a cheque to pay dividends of $0.10 per share to shareholders of record on today's date. Thanks, Frank Levens Inter-Office Memo 4 Date: August 25, 2023 From: Frank Levens To: Office Assistant Subject: Cash Disbursement Please prepare a cheque for salaries owed to employees for the period August 1 to August 25. Thanks, Frank LevensStep by Step Solution
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