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Asap Mini Case The following transactions take place in March 2022: 1. The owner starts the firm with $45,000 in cash on March 1, 2022.
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Mini Case The following transactions take place in March 2022: 1. The owner starts the firm with $45,000 in cash on March 1, 2022. A truck was bought for $21,000 cash on March 2, 2022. 2. 3. Borrowed bank loan for $100,000 on March 3, 2022. 4. Rental received from a tenant for cash $900 on March 4, 2022. 5. Paid salaries $4,000 on March 5, 2022. Required: a. Journalize all transactions. b. Open and record the transactions in T-accounts. Prepare a Trial Balance. C. d. Prepare the financial statements. e. Prepare closing entries. Bert a Step by Step Solution
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