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Enter Name Corporation opened the year 20X6, with the following trial balance information: Cash $ 4,050,000 234 6 7 B 9 10 11 12
Enter Name Corporation opened the year 20X6, with the following trial balance information: Cash $ 4,050,000 234 6 7 B 9 10 11 12 13 34 14 15 16 Accounts Receivable Land Accounts Payable Loan Payable Capital Stock Retained Eamings Dividends Revenues Salaries Expense Rent Expense Supplies Expense Interest Expense 3,375,000 3,825,000+ $ 2,700,000 1,350,000 2,250,000 4,950,000 $ 11,250,000 $ 11,250,000 Examine the journal entry descriptions below and select the appropriate accounts to debit and credit. Enter the transaction amount in the debit box; the credit box will automatically populate. Check marks will appear indicating that you have selected the correct account titles and amounts. (a) 17 18 GENERAL JOURNAL 19 Date Jan. 2 20 21 Accounts Purchased additional tract of land for $900,000 cash. 22 23 Jan. 5 24 25 25 26 27 281 222 29 Jan. 7 Collected $450,000 on an open account receivable. Debit Credit 0 0 0 0
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