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in phi You have the following information for ACB company in January 20xo: ($200 per month and pay full in advance). 1o Owner contribute capital
in phi You have the following information for ACB company in January 20xo: ($200 per month and pay full in advance). 1o Owner contribute capital 100,000 in cash, also sign a 6-months rental contract for the otican 1# Borrow 5,000 cash from bank. The annual interest rate is 10% 3rd Purchase goods at cost of 3,000 on credit. 5th Purchase car at cost of 20,000 by cash (Depreciation is estimated $500 per month) 6th Sell all of the above goods $4,500 and receive cash 11th Pay for the goods which are bought on 30 by cash 15th Sign a contract to customer for lease a house from 15 January to 15m Jurve. The lease in $500/month. The customer will pay money in the beginning of the month. 20th Deposit 5,000 cash to open-up a bank account Requirement: Record the transactions in January and prepare Trial Balance for the month
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