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Identify Postings from Special Journals Pinnacle Consulting Company makes most of its sales and purchases on credit. It uses the five journals described in this
Identify Postings from Special Journals Pinnacle Consulting Company makes most of its sales and purchases on credit. It uses the five journals described in this chapter (revenue, cash receipts, purchases, cash payments, and general). a-e. Identify the journal most likely used in recording the postings for selected transactions indicated by letter in the T accounts, as follows: Cash 10,9406 6,500 Prepaid Rent le. 1,200 Accounts Receivable 11,790 a. c. 10,940 Accounts Payable 6,500 d. b. 7,400 Office Supplies 7,400 d. Fees Earned c. 11,790 Rent Expense 1,200 e. Transaction Journal b. ... d. e
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