Question
On 1 September 2023, Simba Jones started a consulting service business, The Lion King Inc. The business prepares monthly financial statements. During September 2023,
On 1 September 2023, Simba Jones started a consulting service business, The Lion King Inc. The business prepares monthly financial statements. During September 2023, Simba Jones completed the following transactions related to the business. September 1 September 8 September 19 September 27 Began the business with a cash investment of $40,000. Purchased furniture for $6,200 cash Completed services of $5,900 for Vito Inc. and billed them. Received $2,600 on the balance related to the transaction of September 19. Requirement: a. Journalize the transactions. b. Prepare the ledger account for Accounts Receivable.
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Modern Advanced Accounting In Canada
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7th Edition
1259066487, 978-1259066481
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