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General Ledger Cash Accounts Payable Lee Drawing g Lee Capital Notes Payable Supplies Expense Fees Earned Accounts Receivable Salaries Payable Depreciation Expens Intereset Expense Supplies
General Ledger Cash Accounts Payable Lee Drawing g Lee Capital Notes Payable Supplies Expense Fees Earned Accounts Receivable Salaries Payable Depreciation Expens Intereset Expense Supplies Unearned Revenue Salaries Expense Rent Expense Equipment Acc. Depr. Equip. Transaction Descriptions 09/01/17 a. Chris Lee, the owner invested $2,000,000 cash in the business. 09/01/17 b. Lee Co paid $2,000 for September rent expense. 09/01/17c. Lee Co paid $11,000 for supplies for future use, on account 09/01/17 d. The company purchased 400,000 of equipment on September 1, 2017 $300,000 cash, the balance, issued a note payable .The salvage value is $160,000, estimated life of 5 years. The note payable is due in four months on December 31, 2017 and the interest rate 12% 09/01/17 . Lee Co recelved $100,000 for future services 09/30/17 t. The company provided $200,000 of services to clients on account 09/30/17 g.Lee Co received a payment of $100,000 from a customer on account INSTRUCT: Journalize, post to T-accounts, determine T account balances, create unadjusted & adjusted trial balance. Prepare income statement, statement & balance sheet, and complete analysis
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