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Q3. a) Opened a bank account and deposited $15,000. b) Purchased goods for $19,500 from Delta Co. by issuing a daily check for $4,500, rest

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Q3. a) Opened a bank account and deposited $15,000. b) Purchased goods for $19,500 from Delta Co. by issuing a daily check for $4,500, rest is on account. c) Sold goods for $15,000 to Lambda Co, by receiving a maturity check for $10,000, rest is on account. d) Received a promissory note from Lambda Co. for the rest of receivables. e) Endorsed the check and the promissory note to Delta Co. Required: Prepare the journal entries and post to necessary ledger accounts for the below transactions of Teta Co. Q3. a) Opened a bank account and deposited $15,000. b) Purchased goods for $19,500 from Delta Co. by issuing a daily check for $4,500, rest is on account. c) Sold goods for $15,000 to Lambda Co, by receiving a maturity check for $10,000, rest is on account. d) Received a promissory note from Lambda Co. for the rest of receivables. e) Endorsed the check and the promissory note to Delta Co. Required: Prepare the journal entries and post to necessary ledger accounts for the below transactions of Teta Co

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