Selected transactions from the journal of J. L. Kang Inc., investment brokerage firm, are presented below. Instructions

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Selected transactions from the journal of J. L. Kang Inc., investment brokerage firm, are presented below.

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Instructions

(a) Post the transactions to $\mathrm{T}$ accounts.

(b) Prepare a trial balance at August 31, 1996.

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Financial Accounting

ISBN: 9780471169208

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jun 13, 2024 02:02 AM

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Selected transactions from the journal of J. L. Kang Inc., investment brokerage firm, are presented below. Instructions

Question:

Date Account Titles and Explanation Ref. Debit Credit Aug. 1 Cash 1,600 Common Stock 1,600 10 Cash 2,400 Fees Earned 2,400 12 Office Equipment 4,000 Cash 1,000 Notes Payable 3,000 25 25 Accounts Receivable 1,400 Fees Earned 1,400 31 Cash 900 Accounts Receivable 900

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Financial Accounting

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