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  • Post. Ref. Debit Credit Date Journal

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    Mae Sntg Ora
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    The journal entry records an initial investment of $500,000 cash into capital. It also records the purchase of $2,000 in supplies on credit, $20,000 in service income received in cash, $20,000 in cash drawings, and $5,000 in service income recorded as accounts receivable.

    Original Description:

    accounting journal. accounting problems, ceu

    Original Title

    Book1.1

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    The journal entry records an initial investment of $500,000 cash into capital. It also records the purchase of $2,000 in supplies on credit, $20,000 in service income received in cash, $20,000 in cash drawings, and $5,000 in service income recorded as accounts receivable.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Download as pdf or txt
    11 views1 page

    Post. Ref. Debit Credit Date Journal

    Uploaded by

    Mae Sntg Ora
    The journal entry records an initial investment of $500,000 cash into capital. It also records the purchase of $2,000 in supplies on credit, $20,000 in service income received in cash, $20,000 in cash drawings, and $5,000 in service income recorded as accounts receivable.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 1

    JOURNAL

    DATE
    1 May

    DESCRIPTION
    3 Cash

    POST.
    REF.

    DEBIT

    CREDIT

    500,000.00
    Capital

    500,000.00
    #

    5 Supplies
    Accounts Payable
    #
    10 Cash
    Service Income
    #
    15 Drawings
    Cash
    #
    25 Accounts Receivable
    Service Income
    #

    2,000.00
    2,000.00
    20,000.00
    20,000.00
    20,000.00
    20,000.00
    5,000.00
    5,000.00

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