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Journalize the following transactions for Tip Top Associates, Inc., incurred during the month of July 19X4 (assume accrual basis): 6-Jul Initializing capital deposited in bank
Journalize the following transactions for Tip Top Associates, Inc., incurred during the month of July 19X4 (assume accrual basis):
6-Jul Initializing capital deposited in bank 10-Jul Office supplies purchased 12-Jul Purchase computer $12,000 250 3,500 (paying $1000 with balance on account) 15-Jul Office rent 20-Jul Billing to Jones County Board of Education 25-Jul Salaries-employee payroll 28-Jul Paid on account for computer 30-Jul Cost of expended supplies 425 1,255 655 800 145Step by Step Solution
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