Record a hotel given five transactions in t-accounts

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Reference no: EM131518875

Question: Record a hotel's following five transactions in appropriately headed T-accounts.

(a) Hotel receives $500 for room sales.

(b) Hotel pays staff $400 in wages.

(d) Hotel owner withdraws $1,000 from the business.

(e) Hotel buys $700 of inventory stock on account.

Reference no: EM131518875

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