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Istanbul's Stone Bar opened on 1st December and the following transactions occurred in its first months of business. Record the transactions in appropriately headed
Istanbul's Stone Bar opened on 1st December and the following transactions occurred in its first months of business. Record the transactions in appropriately headed T- accounts for the Istanbul's Stone Bar's manager. a) Owner invested $5,000 in a newly opened bank account for the pub. b) Purchased $3000 of "EFES" Pilsner on account. c) Paid cash $450 for a delivery of potato crisps and salted peanuts. d) Purchased a cash register for $1,000 on credit. e) Banked the first week's bar takings of $550. f) Determined that the cost of "EFES" sold in the first month was 250.
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