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In December 2018, the first five transactions of Amer's Automotive Company have been posted to the T-accounts. Prepare the journal entries that served as the
In December 2018, the first five transactions of Amer's Automotive Company have been posted to the T-accounts. Prepare the journal entries that served as the sources for the five transactions. Include an explanation for each entry. B (Click the icon to view the T-accounts.) Prepare each transaction in order according to the reference number shown in the accounts provided. (Record debits first, then credits. Select the explanation on the last line of the journal entry.) Accounts and Explanation Debit Credit (1) Data Table Equipment 5,300 (5) Accounts and Explanation Debit Credit Cash Office Supplies Building (1) 52,000 31,000 (3) (2) 1,100 (3) 31,000 (4) 50,000 5,300 (5) Accounts Payable Notes Payable 1,100 (2) 50,000 (4) Common Stock 52,000 (1) Print Done Accounts and Explanation Debit Credit Accounts and Explanation Debit Credit Accounts and Explanation Debit Credit
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