Question
Record the following transactions in T-Accounts and the General Journal. The General Journal is on the final page of this document. Remember to total your
Record the following transactions in T-Accounts and the General Journal. The General Journal is on the final page of this document. Remember to total your transactions at the bottom of your general journal.
August 1: Purchased $4,300 worth of fertilizer on account at the co-op store.
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August 2: You won an $8,200 hydraulic chute from a raffle and contributed it to the business.
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| Debit | Credit |
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| Debit | Credit |
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August 7: You needed money, so you borrowed $6,750 on your operating note and transferred money into the checking account.
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| Debit | Credit |
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August 15: Received cash for sale of 20 bred heifers valued at $1,450/hd.
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| Debit | Credit |
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Auditing A Practical Approach
Authors: Robyn Moroney
1st Canadian Edition
978-1118472972, 1118472977, 978-1742165943
