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Students are to -1 Journalize the transactions listed below into a General Journal. -2. Post the transactions into a General Ledger. 3 Prepare a Trial
Students are to -1 Journalize the transactions listed below into a General Journal. -2. Post the transactions into a General Ledger. 3 Prepare a Trial Balance to prove journaling and posting is done correctly. Journal paper, ledger accounts and a blank trial balance is given below the transactions. Transactions for Sully Company for the month of July, 2023. July 2 Owner invested $40000 cash and $25000 vehiche into his business. 4 Purchased equipment for $25000 on a bank ioan. 5 Paid $5000 cash for affice furniture 6 Provided services for $5000 cash. 9 Provided services for $3000 on account to a customer 14 Owner withdrew cash for personal use from the business for $2000. 14 Business paid off some of the account payable for $1000. 18 Customer paid $3000 off his account from luly 9. 20 Purchased more equipment for $40000 by paying $10000 cash and borrowing the balance. 20 Bought supplies for $400 cash
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