General Journal

Analyze the transactions and record journal entries in general Journal.

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Davis Uniform Corporation operates a store that sells uniforms. The following are the transactions that occurred during the first quarter of operation- Jan. 1 to Mar. 31, 2021. Jan. 1 Davis issues 20,000 shares of $1 par value common stock with an issuing price of $10 per share. Jan. 2 Purchased furniture and fixtures from … Read more

Analyze the following given transactions.

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STEPS TO ACCOMPLISH: Step 1. Analyze the following given transactions. Step 2. Journalize them onto page 1 of the General Journal provided. Use the chart of accounts provided, make sure you only use those accounts, do not invent your own. Tab 1 of Excel Worksheet. Step 3. Post the transactions to the General Ledger. Tab … Read more