(a) Please prepare journal entries for the following five (5) transactions for BestSolutions. (b) Then post...
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(a) Please prepare journal entries for the following five (5) transactions for BestSolutions. (b) Then post the journal entries to the Ledger accounts (T-Accounts) and balance the accounts. Transactions On October 1 the owner invests $50,000 cash into the business - BestSolutions. Then on October 5 the business buys supplies on account for $1,000. On October 10 the business paid creditors on account $1,000. On October 15 the business pays wages of $2,000. Then on October 19 the business provides services on account for $5,000. (a) Please prepare journal entries for the following five (5) transactions for BestSolutions. (b) Then post the journal entries to the Ledger accounts (T-Accounts) and balance the accounts. Transactions On October 1 the owner invests $50,000 cash into the business - BestSolutions. Then on October 5 the business buys supplies on account for $1,000. On October 10 the business paid creditors on account $1,000. On October 15 the business pays wages of $2,000. Then on October 19 the business provides services on account for $5,000.
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