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Melina started her own accounting firm, ACE ACCOUNTING, on 1 April 201X. The following transactions occurred during the month of April. 1 Melina contributed $50,000

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Melina started her own accounting firm, "ACE ACCOUNTING", on 1 April 201X. The following transactions occurred during the month of April. 1 Melina contributed $50,000 cash and $10,000 vehicle to the business. 1 -Paid $22,000 cash (GST Inclusive) for 5 months office rent. 2 The business borrowed a $40,000 loan (due in 3 years) from the bank. 8 - Purchased $4,400 supplies (GST Inclusive) on credit. 15. Provided $6,600 (GST Inclusive) of services on credit. 25. Received $4,000 cash from credit customers. 29-Paid $770 utilities (GST inclusive) for the month. 29-Paid $5,000 off an amount owing to the bank. 30-Withdrew cash of $2,000 from the business for personal use. Required: a) Record the transactions in the general journal. b) Post the transactions to the general ledgers and calculate the closing balances for each account. c) Prepare an unadjusted trial balance

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