(2) You were provided with the following information by the company's auditors at the end of the 2019 year-end audit to be posted by the journal at the beginning of the year 2016: Capital 7,000 Cr Income surplus 1,250 Cr Bank 5,000 Dr Cash 1,250 Dr Equipment 3,000 Dr Motor vehicle 2,500 Dr Receivable 1,500 Dr Trade payable 2,500 Cr 12% Debenture 2,500 Cr Required: (1) Record all information received in the day books and the journal.

(2) You were provided with the following information by the company's auditors at the end of the 2019 year-end audit to be posted by the journal at the beginning of the year 2016: Capital 7,000 Cr Income surplus 1,250 Cr Bank 5,000 Dr Cash 1,250 Dr Equipment 3,000 Dr Motor vehicle 2,500 Dr Receivable 1,500 Dr Trade payable 2,500 Cr 12% Debenture 2,500 Cr Required: (1) Record all information received in the day books and the journal.

Name: (2) You were provided with the following information by the company's
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Description: (2) You were provided with the following information by the company's auditors at theend of the 2019 year-end audit to be posted by the journal at the beginning of the year2016:Capital7,000 CrIncome surplus1,250 CrBank5,000 DrCash1,250 DrEquipment3,

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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