Q1. Record each of the above transactions in general journal including the explantion/narration. Use the following account titles to journalize the transactions Majestic Computers: b. Саpital f. Purchases c. Rent 8. Computer & Software h. Sales k. Drawings |d. Furniture а. Cash e. Accounts Payables i. Accounts Receivables j. Salaries I. Insurance expenses Q2. Prepare the end-of-month report to account for the incomes and expenses of Majestic Computers under Cash basis accounting. Q3. Prepare the end-of-month report to account for the incomes and expenses of Majestic Computers under Accrual basis accounting.

Q1. Record each of the above transactions in general journal including the explantion/narration. Use the following account titles to journalize the transactions Majestic Computers: b. Саpital f. Purchases c. Rent 8. Computer & Software h. Sales k. Drawings |d. Furniture а. Cash e. Accounts Payables i. Accounts Receivables j. Salaries I. Insurance expenses Q2. Prepare the end-of-month report to account for the incomes and expenses of Majestic Computers under Cash basis accounting. Q3. Prepare the end-of-month report to account for the incomes and expenses of Majestic Computers under Accrual basis 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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picture 2 is asmple how to solve it same this style please

Q1. Record each of the above transactions in general journal including the explantion/narration. Use the following
account titles to journalize the transactions Majestic Computers:
b. Саpital
f. Purchases
c. Rent
8. Computer & Software h. Sales
k. Drawings
|d. Furniture
а. Cash
e. Accounts Payables
i. Accounts Receivables j. Salaries
I. Insurance expenses
Q2. Prepare the end-of-month report to account for the incomes and expenses of Majestic Computers under Cash
basis accounting.
Q3. Prepare the end-of-month report to account for the incomes and expenses of Majestic Computers under Accrual
basis accounting.

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