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determine if items are assets liabilities owners equity revenue thats the whole question i was given thats all i was given to work with 11]

determine if items are assets liabilities owners equity revenue
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thats the whole question i was given
image text in transcribedthats all i was given to work with
11] Journalise the following transactions into the section Respond template 12) Enter beginning balances in the T-account. Cash- AED 15,000 Acc Pay-AED 15,000. Post journal entries into appropriate T-accounts. [3] Determine the ending balance in his Cash and Acc Payable T-account [4] Explain Debit and credit rules for all accounting elements and how we calculate Ending balance for Revenues and for Assets. [5] Is it possible to correct the wrong accounting entry? Advice a new accountant who made a mistake, and he made the same entry twice. (Cash 120 Dr and Acc Receivable 120 Cr.-dis entry was made twice.) (BONUS Question - 4 points- OPTIONAL) 1 - Journal transactions Dr a b Dr Cash Cr Dr Service Rev Cr Dr Supplies Dr Acc Payable C I Dr. Cr Dr Utility expcr Dr Land Cr Dr Cr Next page 11] Journalise the following transactions into the section Respond template 12) Enter beginning balances in the T-account. Cash- AED 15,000 Acc Pay-AED 15,000. Post journal entries into appropriate T-accounts. [3] Determine the ending balance in his Cash and Acc Payable T-account [4] Explain Debit and credit rules for all accounting elements and how we calculate Ending balance for Revenues and for Assets. [5] Is it possible to correct the wrong accounting entry? Advice a new accountant who made a mistake, and he made the same entry twice. (Cash 120 Dr and Acc Receivable 120 Cr.-dis entry was made twice.) (BONUS Question - 4 points- OPTIONAL) 1 - Journal transactions Dr a b Dr Cash Cr Dr Service Rev Cr Dr Supplies Dr Acc Payable C I Dr. Cr Dr Utility expcr Dr Land Cr Dr Cr Next page

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