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Prepare the accounting entries for each event

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FM Midterm January 2013: T-Account Analysis

During 2012 the following events took place for a small distribution company. You are required to prepare the accounting entries for each event by:

- labelling the T-accounts with the correct account name

- labelling debit and credit on the T-account

- entering the amount on the correct side of each T-account.

You are only required to enter the events as described in 2012; do not attempt to combine all 12 events into a single financial statement. Note that answers may require more or less than four T-accounts. Explain any assumptions.

Reference no: EM13334656

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