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Chapter 2 HMWK eBook Show Me How 1. TMM.02.01 Transactions and T Accounts 2. TMM.02.02 The following selected transactions were completed during August of the
Chapter 2 HMWK eBook Show Me How 1. TMM.02.01 Transactions and T Accounts 2. TMM.02.02 The following selected transactions were completed during August of the current year: 3. TMM.02.03 1. Billed customers for fees earned, $49,080. 2. Purchased supplies on account, $2,110. 3. Received cash from customers on account, $46,140. 4. Paid creditors on account, $1,280. 4. TMM.02.04 5. TMM.02.05 a. Journalize these transactions in a two-column journal, using the appropriate number to identify the transactions. If an amount box does not require an entry, leave it blank. 6. PE.02.01A (1) Accounts Receivable 7. PE.02.01B Fees Earned 8. PE.02.08.ALGO Supplies (2) 9. EX.02.01 II II II II II II Accounts Payable 10. EX.02.04 (3) Cash 11. EX.02.16.ALGO o Accounts Receivable 12. EX.02.09.ALGO : (4) Accounts Payable 13. EX.02.07.ALGO Cash 14. PR.02.03.ALGO Feedback 15. PR.02.04B Check My Work Check My Work Previous Next > Progress: 12/15 items b. Post the entries prepared in (a) to the following T accounts: Cash, Supplies, Accounts Receivable, Accounts Payable, Fees Earned. To the left of each amount posted in the accounts, select the appropriate number to identify the transactions. Cash (3) Correct )) Supplies (2) Accounts Receivable (1) (3) Accounts Payable (4) (2) Fees Earned (1) credit balance for Accounts Receivable. Does this credit balance mean an error has occurred? C. Assume that the unadjusted trial balance on August 31 shows No Check My Work Previous
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