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Question Eight (10%) Record the following transactions by making entries directly to the T-accounts provided. (a) Caren Krispy began an auditing firm by investing $10,000
Question Eight (10%) Record the following transactions by making entries directly to the T-accounts provided. (a) Caren Krispy began an auditing firm by investing $10,000 cash and a computer equipment (b) Purchased equipment from Johnson Bros. on credit, $2,500. (c) Completed auditing work and received $1,000 cash in full payment (d) Paid Johnson Bros. $2,500 for the amount owed (e) Completed auditing work for clients on credit, $3,500. (1) Caren Krispy withdrew $500 cash from the practice for personal use (g) Received $3,500 for the audit work completed for the clients in Transaction e. (h) Paid secretary's salary, $2,000 Cash Accounts Payable Acorus Receivalle Caen Krug Withdrawal Caren Krups Salary Expense Capital Aude Reveme
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