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Chase Company posted transactions (a through in the following T-accounts in December, its first month of operations. Debit Debit Cash Debit 16,800 b. 15,800 e. f. Accounts Payable 4,600 d. Credit Credit Services Revenue Credit 5,600 b. 6,600 d. 4,600 6.900 15,800 Debit Debit Debit Supplies 5,600 6,900 Common Stock Rent Expense 6,600 Credit Credit Credit

Chase Company posted transactions (a through in the following T-accounts in December, its first month of operations. Debit Debit Cash Debit 16,800 b. 15,800 e. f. Accounts Payable 4,600 d. Credit Credit Services Revenue Credit 5,600 b. 6,600 d. 4,600 6.900 15,800 Debit Debit Debit Supplies 5,600 6,900 Common Stock Rent Expense 6,600 Credit Credit Credit

FINANCIAL ACCOUNTING
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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Exercise 2-20 (Algo) Preparing a trial balance from T-accounts LO P1 Prepare its December 31 trial balance. Totals Chase Company Trial Balance. December 31 S Debit O S Credit
Transcribed Image Text:Exercise 2-20 (Algo) Preparing a trial balance from T-accounts LO P1 Prepare its December 31 trial balance. Totals Chase Company Trial Balance. December 31 S Debit O S Credit
Chase Company posted transactions (a through in the following T-accounts in December, its first month of operations. a. f. Debit Debit Cash Debit 16,800 b. 15,800 e. f. Accounts Payable 4,600 d. Credit CALL Credit Services Revenue. Credit 5,600 b. 6,600 d. 4,600 6,900 15.800 e Debit Debit Debit Supplies 5,600 6,900 Common Stock 82 Rent Expense 6,600 Credit Credit: Credit 16,000
Transcribed Image Text:Chase Company posted transactions (a through in the following T-accounts in December, its first month of operations. a. f. Debit Debit Cash Debit 16,800 b. 15,800 e. f. Accounts Payable 4,600 d. Credit CALL Credit Services Revenue. Credit 5,600 b. 6,600 d. 4,600 6,900 15.800 e Debit Debit Debit Supplies 5,600 6,900 Common Stock 82 Rent Expense 6,600 Credit Credit: Credit 16,000
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