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How do I complete the journal above? My main confusion is the fact that there are only 5 spots to put the transactions in, but
How do I complete the journal above? My main confusion is the fact that there are only 5 spots to put the transactions in, but there are 8 transactions total? How should I approach this.
Everest Printers Inc. completed the following transactions during February 2020, its first month of operations. (Click the icon to view the transactions.) Requirement Record the transactions in the journal of Everest Printers Inc. Key transactions by date, and include an explanation for each entry. Feb. 1: Received $19,400 and issued common shares. (Record debits first, then credits. Enter explanations on the last line of the journal entry.) Date Accounts and Explanations Debit Credit Feb. 1 Transactions Feb. 1 Feb. 2 Feb. 4 Feb. 6 Feb. 9 Feb. 17 Feb. 23 Feb. 28 Received $19,400 and issued common shares. Purchased $700 of office supplies on account. Paid $14,400 cash for land to use as a building site. Performed services for customers and received cash of $5,000. Paid $400 on accounts payable. Performed service for Shiplt on account totalling $1,200. Collected $700 from Shiplt on account. Paid the following expenses: salary, $1,400; rent, $1,300Step by Step Solution
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