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Journalize the following selected transactions of Mirmax Rentals. Omit explanations. Aug. 1 Purchased two new saws on credit at $425 each. The saws are added
Journalize the following selected transactions of Mirmax Rentals. Omit explanations.
| Aug. | 1 | Purchased two new saws on credit at $425 each. The saws are added to Mirmaxs rental inventory. Payment is due in 30 days. |
| 8 | Accepted advance deposits of $125 for tool rentals that will be applied to the cash rental when the tools are returned. | |
| 20 | Charged customers $1,250 on account for tool rentals. Payment is due within 30 days. | |
| 31 | Paid utility bill for the month, $180. | |
| 31 | Received $600 in payments from the customers that were billed for rentals on August 20. |
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Auditing Practices A Complete Guide
Authors: Gerardus Blokdyk
2023rd Edition
1038804450, 978-1038804457
