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Make journal entry Ledger account and trial balance 2 The owners started their new business by investing the assets shown here. Notice from the chart

Make journal entry Ledger account and trial balance

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2 The owners started their new business by investing the assets shown here. Notice from the chart of accounts that each owner has his own Capital account. (You will record two compound entries for these investments, one for each owner.) Henri Martin: $22,000 Cash Furniture & Equipment 8.000 $30,000 Wes Corbett: Cash $15,000 Vehicle (used van) 15,000 $30,000 2 Issued Cheque #1 for the January rent, $2,500. 2 Issued Cheque #2 for advertising in the newspaper, $610.20. (Debit Advertising Expense.) 4 Bought office supplies, $305.10. Issued Cheque #3. (Debit Office Supplies Expense.) 4 Issued Cheque #4 for the installation of our new phone line, $165. (Telephone Expense). 5 Bought merchandise as follows: paint and supplies, $10,000; wallpaper, $5,000. Issued Cheque #5. (Notice on the chart of accounts that there are separate Purchases accounts for these goods. Record this as a compound entry.) 9 Bought a paint mixer and colour dispenser from Rainbow Supplies Co., $1,620. Issued Cheque #6. (Tools & Equipment). 10 Cash sales: paint and supplies, $3,000; wallpaper, $1,000. (Notice that there are separate Sales accounts for these goods.) 15 Cash sales: paint and supplies, $6,000; wallpaper, $2,000. (h) Dont tha inural antring to the

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