Question
Requirement 1. Journalize the October transactions of Willis Computing, Inc. (Record debits first, then credits. Exclude explanations from any journal entries.) Requirements 2 and 3.
Requirement 1. Journalize the October transactions of Willis Computing, Inc. (Record debits first, then credits. Exclude explanations from any journal entries.) Requirements 2 and 3. 1. Prepare T-Accounts for each account. 2. Insert in each T-account its September 30 balance as given (example: Cash $ 2,250). 3. Then, post the October transactions to the T-accounts. Compute the balance in each account. 4. Begin by entering the appropriate beginning balances and posting transactions (a) through (h). 5. Label each balance and transaction with the appropriate posting reference. 6. 6. Finally, label and calculate each ending balance. (For accounts with a zero beginning balance, do not enter a "0" or select the "Bal" reference.) Review the journal entries from Requirement 1.
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