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Transactions Aug. 1 Billed customers for fees earned, $74,140. 4 Purchased supplies on account, $2,150. 8 Received cash from customers on account, $62,770. 11 Paid
Transactions | ||
Aug. | 1 | Billed customers for fees earned, $74,140. |
4 | Purchased supplies on account, $2,150. | |
8 | Received cash from customers on account, $62,770. | |
11 | Paid creditors on account, $890. |
B. Post the entries prepared in (A) to the following T accounts: Cash, Supplies, Accounts Receivable, Accounts Payable, Fees Earned. To the left of each amount posted in the accounts, select the appropriate date.
continued labels at the top this is an example of the set up
Cash 8/1 74,140.00 X 8/4 2,150.00 X Accounts Payable 8/4 2,150.00 X 8/4 2,150.00 Supplies Fees EarnedStep by Step Solution
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