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HI CHEGG I GOT A WRONG ANSWER FROM YOUR TEAM COULD YOU PLEASE ANSWER IT AGAIN WITH A CORRECT ANSWER WITH THE LETTER B I
HI CHEGG I GOT A WRONG ANSWER FROM YOUR TEAM
COULD YOU PLEASE ANSWER IT AGAIN WITH A CORRECT ANSWER WITH THE LETTER B
I WILL SEND SOME REFERENCE DETAILS HERE
THIS IS MY ANSWER FROM LETTER (A) I WILL PROVIDE YOU FOR YOUR REFERENCE
PLEASE ANSWER THIS LETTER (B)
Open T accounts and post the journal entries to the general ledger. Note: Because this is the first year of business, there are no opening balances to consider. (Post entries in the order of journal entries presented in the previous part. Select the date for closing balances even in case of zero balance. If ending balance is 0 , enter 0 on the normal side for the account.) Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manua. entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record iournal entries in the order presen Selected transactions for Taylor Real Estate Agency during its first month of business follow: June 1 Samantha Taylor opened Taylor Real Estate Agency with an investment of $13,340 cash and $2,810 of equipment. 2 Paid $1,030 for a one-year insurance policy. 3 Purchased additional equipment for $4,370, paying $900 cash and signing a note payable for the balance. 10 Received $355 cash as a fee for renting an apartment. 16 Sold a house and lot for B. Anderson. The commission due from Anderson is $7,020. (It is not paid by Anderson at this time.) 27 Paid $840 for advertising to run during June. 29 Received an $80 bill for telephone service during the month of June. (The bill is paid in July.) 30 Paid an administrative assistant $1,980 in salary for June. 30 Received $7,020 cash from B. Anderson for the June 16 transactionStep by Step Solution
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