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Record these transactions, post them to the Journal, ledger of accounts, and prepare a trial balance, income statement, balance sheet, and a statement of capital.
Record these transactions, post them to the Journal, ledger of accounts, and prepare a trial balance, income statement, balance sheet, and a statement of capital.
2. Record the following transactions. a. On January 1, 20X1, Jones Pharmacy has cash sales of $5,000. b. On January 5, 20X1, Jones Pharmacy pays its rent expense of $500. c. On March 10, 20X1, Jones Pharmacy buys a computer for $9,000 cash. d. On April 1, 20X1, Jones Pharmacy pays salaries of $5,000. e. On May 30, 20X1, Jones Pharmacy pays its utility bill for $200. f. On June 1, 20X1 Jones Pharmacy sells $500 worth of merchandise on credit. h. On July 3, 20X1, Jones Pharmacy purchases $200 of supplies on credit. h. On December 27, 20X1, Jones Pharmacy purchases $500 of supplies and pays cash for themStep by Step Solution
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