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Using T accounts to record transactions involving assets, liabilities, and owner's equity. The following transactions took place at Willis Counseling Services, a business established
Using T accounts to record transactions involving assets, liabilities, and owner's equity. The following transactions took place at Willis Counseling Services, a business established by Raymond Willis. INSTRUCTIONS For each transaction, set up T accounts from this list: Cash; Office Furniture; Office Equipment; Automobile; Accounts Payable; Raymond Willis, Capital; and Raymond Willis, Drawing. Analyze each transaction. Record the amounts in the T accounts affected by that transaction. Pr Objec
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