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NEED ITS ACCURATE SOLUTION ONLY THEN I WILL UPVOTE IT. (JOURNAL ENTRIES) (LEDGER ACCOUNTS) (TRIAL BALANCE) FOLLOW THESE PATTERN. From the given real-life scenario Identify
NEED ITS ACCURATE SOLUTION ONLY THEN I WILL UPVOTE IT.(JOURNAL ENTRIES)
(LEDGER ACCOUNTS) (TRIAL BALANCE) FOLLOW THESE PATTERN.
From the given real-life scenario Identify the role of accounting process and prepare necessary documents required in the accounting process. Scenario The Hewlett-Packard Company or Hewlett-Packard was an American multinational information technology company headquartered in Palo Alto, California. Company Started business with cash $32,000, stock $8,000, and furniture $8,000 on Jan 1 2012. 2/1/12. Purchased furniture $8,000 3/1/12. Purchased goods $24,000 4/1/12. Sold goods $28.000 5/1/12. Purchased goods on credit from Gail $ 16,000 6/2/12. Sold goods to Smith $20,000 7/2/12. Paid to Gail $10,000 and goods returned to him $6,000 8/2/12. Received from Smith$12,000 and goods returned by him $8,000 9/2/12. Paid rent $8,000 10/2/12. Received commission $4,000 11/2/12. Goods withdrew for domestic purpose $8000 12/2/12. Withdrew from bank $6.000 Required: - From the above transactions pass journal entries, prepare ledger accounts and also prepare a trial balance. Date Particulars L.F Dr. Amount Cr. Amount Date Particulars L.F Dr. Amount Cr. Amount Date Particulars JF Amount Date Particulars JF Amount Particulars Dr. Amount Cr. AmountStep by Step Solution
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