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John and Patty Complete Solution(entries,adjusting,ledger,worksheet,income statement,balance sheet,closing,disclosure,part b) $4.39   Add to cart
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John and Patty Complete Solution(entries,adjusting,ledger,worksheet,income statement,balance sheet,closing,disclosure,part b)
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John and Patty Complete Solution(entries,adjusting,ledger,worksheet,income statement,balance sheet,closing,disclosure,part b) On December 1, 2015, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchas...

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  • March 9, 2020
  • 14
  • 2017/2018
  • Answers
  • Unknown

Subjects

  • adjusting
  • ledger
  • worksheet
  • income statement
  • balance sheet
  • closing
  • disclosure
  • john and patty complete solutionentries
  • part b

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  • Answer
  • Answer (JOHNANDPATTYCOMPLETESOLUTION(ENTRIES,ADJUSTING,LEDGER,WORKSHEET,INCOMESTATEMENT,BALANCESHEET,CLOSING,DISCLOSURE,PARTB))
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a
General Journal


Debit
12/1/2009 Cash 200,000
Capital Stock

12/1/2009 Rental Equipment 240,000
Cash
Notes Payable

12/1/2009 Prepaid Rent 12,000
Cash

12/4/2009 Office Supplies 1,000
Accounts Payable

12/8/2009 Cash 8,000
Unearned Rental Fees

12/12/2009 Salaries Expense 5,200
Cash

12/15/2009 Cash 12,000
Accounts Receivable 6,000
Rental Fees Earned

12/17/2009 Maintenance Expense 600
Account Payable

12/23/2009 Cash 2,000
Account Receivable

12/23/2009 No Entry

12/26/2009 Salaries Expense 5,200
Cash

12/27/2009 Accounts Payable 600
Cash

12/28/2009 Dividends 2,000
Dividends Payable

12/29/2009 No Entry

12/29/2009 Unexpired Insurance 9,600
Cash

12/31/2009 Utilities Expense 700
Cash

12/31/2009 Cash 15,600


© The McGraw-Hill Companies, Inc., 2010
entries

, Accounts Receivable 4,400
Rentals Fees Earned
524,900




© The McGraw-Hill Companies, Inc., 2010
entries

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