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Rrecord the transaction in general journal We received a cheque from the lawyer for $10000000 that wen into 3% per annum 3 months term deposit
Rrecord the transaction in general journal
We received a cheque from the lawyer for $10000000 that wen into 3% per annum 3 months term deposit for the sale of our building. Record the amount of deposit and as a gain/loss on disposal.The accountant said they will adjust at year end.The term deposit begins on Dec.1,and matures at the end of February 2020+1
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