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BA 111 Introduction to Accounting - Spring 2022 From the following transactions for Lemoine Company for the month of July, (a) prepare journal entries
BA 111 Introduction to Accounting - Spring 2022 From the following transactions for Lemoine Company for the month of July, (a) prepare journal entries (assume that it is page 1 of the journal), (b) post journal entries to the ledger (use a four-column account), and (c) prepare a trial balance. (Click the icon to view the transactions.) A partial chart of accounts includes Cash, 111, Accounts Receivable, 112, Equipment, 121, Accounts Payable, 211, J. Lemoine, Capital, 311, J. Lemoine, Withdrawals, 312; Fees Earned, 411; and Salaries Expense, 511.) Reference Date Account Titles and Description PR Dr. Cr (Click the icon to view the journal entries you prepared above.) 201X July 1 Cash Cash Account No. 111 J. Lemoine, Capital 6,000 6,000 Post. Balance Owner investment Date 201X Explanation Ref. Debit Credit Debit Credit 4 Equipment 1,400 July Accounts Payable 1,400 Purchase of equipment on account 15 Accounts Receivable Fees Earned 8,000 8,000 Accounts Receivable Account No. 112 Services performed on account Post Balance Date 201X Explanation Ref. Debit Credit Debit Credit 18 Cash 4,000 Fees Earned 4,000 July Services performed for cash 24 Salaries Expense Equipment Post Account No. 121 Balance Cash 2,200 2,200 Salaries pald Date 201X Explanation Ref. Debit Credit Debit Credit Judy 28 J. Lemoine, Withdrawals Cash 600 600 Help me solve this Video Get more help- Type here to search Owner withdrawal Print Done - X Desktop 60F
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