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Business
Accounting
General Journal

General Journal

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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Transaction: On August 2, Design Thinking Pty Ltd paid $14,000 for IT maintenance services to be provided over the next 12-months. The payment was recorded as an asset. Instructions: Record the transaction in the general journal by selecting the correct accounts that are debited and credited. General Journal August 2. [Select ] $14,000 [ Select ] $14,000 <> >
Transcribed Image Text:Transaction: On August 2, Design Thinking Pty Ltd paid $14,000 for IT maintenance services to be provided over the next 12-months. The payment was recorded as an asset. Instructions: Record the transaction in the general journal by selecting the correct accounts that are debited and credited. General Journal August 2. [Select ] $14,000 [ Select ] $14,000 <> >
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