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solve this question according to canadian standard GAAP Question 2 [28 points] Below are individual unrelated transactions from various companies. Record each transaction in the
solve this question according to canadian standard GAAP
Question 2 [28 points] Below are individual unrelated transactions from various companies. Record each transaction in the General Journal directly below it. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (i.e., January 15 would be 15/Jan). a) March 1: Wilson Sales paid $300 for this month's utilities bill received today. General Journal Page Gj1 Date Account/Explanation F Debit Credit b) April 27: Shawna Cameron (a shareholder), received share capital in The Downtown Store, after investing $10,000 cash and $15,000 worth of equipment in The Downtown Store. General Journal Page Gj1 Date Account/Explanation F Debit Credit c) July 14: $1,800 in dividends were declared and paid to the shareholders of the business. General Journal Page Gj1 Date Account/Explanation F Debit Credit d) August 13: The company you work for, JenCo, paid $700 towards the bill from an earlier transaction. General Journal Page GJ1 Date Account/Explanation F Debit Credit Tyne here to search d) August 13: The company you work for, JenCo, paid $700 towards the bill from an earlier transaction. General Journal Page Gj1 Date Account/Explanation F Debit Credit e) October 19: The Party Place received a bill today for this month's utilities; $150. It will be paid within 30 days. General Journal Page Gj1 Date Account/Explanation F Debit Credit f) December 30: Furniture was rented by a customer for $1,500 on credit. General Journal Page Gj1 Date Account/Explanation F Debit Credit + g) December 30: Perry Sales received $1,500 towards payment for the services provided in an earlier transaction. General Journal Page Gj1 Account/Explanation F Debit Credit DateStep by Step Solution
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