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Q . No . 2 Federer is engaged in trading of Medical instruments. He maintains the following ledger accounts: Cash Capital Stock Accounts Payable (
Q No Federer is engaged in trading of Medical instruments. He maintains the following ledger accounts: Cash Capital Stock Accounts Payable Porter Purchases Sales Accounts Receivable Mills Furniture Salary Expense Depreciation His business transactions for September are shown below: Sep Issued shares of capital stock for cash $ each Sep Purchased furniture $ for cash Sep Purchased medical instruments from Porter $ on account Sep Sold medical instruments to Mills on account $ Sep Cash sales $ Sep Paid employees $ for salaries earned in September Sep Depreciation on furniture is charged for $ Required: a Record each of the above transactions in general journal form. Include a brief explanation of the transaction as part of each journal entry. b Post each entry to the appropriate ledger accounts use T account format c Prepare a trial balance dated September
Q No Federer is engaged in trading of Medical instruments. He maintains the following ledger accounts:
Cash Capital Stock Accounts Payable Porter
Purchases Sales Accounts Receivable Mills
Furniture Salary Expense Depreciation
His business transactions for September are shown below:
Sep Issued shares of capital stock for cash $ each
Sep Purchased furniture $ for cash
Sep Purchased medical instruments from Porter $ on account
Sep Sold medical instruments to Mills on account $
Sep Cash sales $
Sep Paid employees $ for salaries earned in September
Sep Depreciation on furniture is charged for $
Required:
a Record each of the above transactions in general journal form. Include a brief explanation of the transaction as part of each journal entry.
b Post each entry to the appropriate ledger accounts use T account format
c Prepare a trial balance dated September
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