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Prepare Cash account ledger and show the final balance with neat tabular way

Prepare Cash account ledger and show the final balance with neat tabular way

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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Prepare Cash account ledger and show the final balance with neat tabular way.

Transactions for Pearl Co. for the month of December are presented below. 1. Pearl, the owner, Invested BHD40,000 cash to establish Pearl Co. 2. Purchased land costing BHD28,000 by signing a note. 3. Purchased supplies for BHD800 cash. 4. Paid BHD1,000 for a one-year rent in advance. 5. Received BHD3,000 cash in advance for service to be performed next month.
Transcribed Image Text:Transactions for Pearl Co. for the month of December are presented below. 1. Pearl, the owner, Invested BHD40,000 cash to establish Pearl Co. 2. Purchased land costing BHD28,000 by signing a note. 3. Purchased supplies for BHD800 cash. 4. Paid BHD1,000 for a one-year rent in advance. 5. Received BHD3,000 cash in advance for service to be performed next month.
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