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Record the above transactions and please make it understandable like the chart above. And what liabilities does the business own of November 30th? Homework Saved
Record the above transactions and please make it understandable like the chart above.
And what liabilities does the business own of November 30th?
Homework Saved Four transactions for Automotive Malntenance and Repalr Shop that took place In November 2019 appear below. DATE TRANSACTION Nov. 1 Ryan O"Malley invested $58,eee in cash plus tools with a fair market value of $2,300 to start the business. 2Purchased equipment for$1,92 and supplies for $428 from office Depot, Invoice 581; issued Check 188 for $57e as a down payment with the balance due in 38 days 18 Performed services for Patricia Reed for $3,208, who paid $1,15 in cash with the balance due in 38 days. 28 Purchased machinery for $4,388 from Craft Machinery, Inc., Invoice 789; issued Check 1e1 for $1,65 in cash as a down payment with the balance due in 3 days. Record the transactions in the general Journal and post them to the appropriate ledger accounts. Analyze: What llabllities does the business owe as of November 30? Record the above transactions in the general lediger accounts Debit No.1 NoStep by Step Solution
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