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Write up the asset and liability and capital accounts to record the following transactions in the records of G. Smith and balance off each account.
Write up the asset and liability and capital accounts to record the following transactions in the records of G. Smith and balance off each account. (4 pts each) June 8 Sold some of the office furniture- not suitable for the firm- for $600 on credit to J. Walker & Sons June 15 Paid the amount owing to Bravo Motors $7,500 by cheque June 23 Received the amount due to J. Walker & Sons $600 in cash June 30 Bought more machinery by cheque $2,800
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