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Tripp's Toner Supply experienced the following events during 2013, its first year of operation:
1. Acquired $25,000 cash from the issue of common stock. 2. Purchased inventory for $32,000 cash.3. Sold inventory costing $19,000 for $36,000 cash. 4. Paid $3,100 for advertising expense.
Required:
a. Record the general journal entries for the preceding transactions. b. Post each of the entries to T-accounts. c. Prepare a trial balance to prove the equality of debits and credits.
x.hmld like to compare answers with someone else as i dont know if i understand a lot of this accounting stuff i only
Marshall Company had 500,000 shares of common stock issued and outstanding, 400,000 of which had been issued and outstanding throughout the year and 100,000 of which were issued on October 1, 2004. Net income for the year ended December 31, 2004,..
Provide a sector/industry analysis and narrative to start a health food cafe that serves whole food and organic food. Please also include sources.
Russia Springs produces premium bottled water. Russia Spring Purchases artesian water, store the water in large tanks, and then runs the water through two processes, filtration and bottling.
1.on january 3 2011 the city acquired another 10 million office building financing this facility with 25 year term
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what is the role of the accounting equation in the analysis of business
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