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How would each party record this transaction? Prepare the journal entries for both Joseph's and Mark's companies. Ignore any GST/HST that would apply in
How would each party record this transaction? Prepare the journal entries for both Joseph's and Mark's companies. Ignore any GST/HST that would apply in each transaction. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) On Joseph's books of account: Account Titles and Explanation Debit On Mark's books of account: V 0 Credit Account Titles and Explanation Debit Credit
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