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prepare post closing trial balance Transactions 1. On January 1, transferred cash from a personal bank account to an account to be used for the
prepare post closing trial balance
Transactions 1. On January 1, transferred cash from a personal bank account to an account to be used for the business, 41,000. 2. On January 5, paid rent on office and equipment for 3 months, 7000. 3. On January 9, purchased supplies on account for 4,200. 4. On January 10, paid the creditor on account for 2,750. 5. On January 11, paid automobile expenses for 2,880 and miscellaneous expenses for 520. 6. On January 12, paid office salaries, 6000. 7. On January 15, earned fees and received cash for 19,250. 8. On January 19, determined that the cost of supplies used was 2,400 9. On January 22, withdrew cash for personal use, 3000 Step by Step Solution
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