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The company incurred Sales and Marketing Expenses of $1 General and Administrative Expenses of $2,044,569, and Retail Operating Expenses of $1,750,000. They paid $2,000,000 in
- The company incurred Sales and Marketing Expenses of $1 General and Administrative Expenses of $2,044,569, and Retail Operating Expenses of $1,750,000. They paid $2,000,000 in cash and $3,300,000 was added to Other Accrued Expenses.
How would I record this in a journal entry? How would I record this in the ledger? Do I record the debit as a negative in the ledger? Can you upload the answer in Excel?
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