1. Prepare the journal entries to record the February transactions. 2. Set up the following ledger accounts and post all the journal entries: Cash; Accounts Receivable; Store Supplies; Store Equipment; Accounts Payable; Deyro, Capital; Deyro, Drawings; Service Revenue; Salaries Expense; and Utility Expense. (Leave the Account No. portion of the general ledger blank.) E. Prepare a trial balance.
1. Prepare the journal entries to record the February transactions. 2. Set up the following ledger accounts and post all the journal entries: Cash; Accounts Receivable; Store Supplies; Store Equipment; Accounts Payable; Deyro, Capital; Deyro, Drawings; Service Revenue; Salaries Expense; and Utility Expense. (Leave the Account No. portion of the general ledger blank.) E. Prepare a trial balance.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:1. Prepare the journal entries to record the February transactions.
2. Set up the following ledger accounts and post all the journal entries: Cash;
Accounts Receivable; Store Supplies; Store Equipment; Accounts Payable;
Deyro, Capital; Deyro, Drawings; Service Revenue; Salaries Expense; and
Utility Expense. (Leave the Account No. portion of the general ledger blank.)
3. Prepare a trial balance.
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