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Apply double entry principles to journalise the following transactions. Use the chart of accounts: Account Name Account Name Cash Utilities expenses Accounts receivable Unearned revenue
Apply double entry principles to journalise the following transactions. Use the chart of accounts: Account Name Account Name Cash Utilities expenses Accounts receivable Unearned revenue Supplies Owner, Capital Prepaid insurance Owner Withdrawals Office equipment Service revenue Accounts payable ACB company completed these transactions during December of the current year: Dec. 1 Began a financial services practice by investing $ 50,000 cash. 2 Purchased $1,200 of office equipment on credit. 3 4 Purchased $300 of office supplies on credit. Completed a service for a client and immediately received $900 cash. Completed work for Zamalek Co. on credit, $1,700. 8 10 Paid for the supplies purchased on credit on December 3. 14 Paid for 1 year $960 premium on an insurance policy. Received $1,700 from Zamalek Co. for the service completed on December 8. 18 18 Received $1,700 from Zamalek Co. for the service completed on December 8. 27 30 Larry withdrew $650 cash from the business for personal use. Paid $175 cash for the December utility bills. Received $2,000 from a client for services to be provided next year. 30 Use Command C (for Macbook) to copy and Command V to paste the table given below. For others, use Ctrl C and Ctrl V. DATE ACCOUNT TITLES & EXPLANATION DEBIT CREDIT
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