WORKING PAPERS F/ FUND ACCOUNTING
WORKING PAPERS F/ FUND ACCOUNTING
22nd Edition
ISBN: 9781308868394
Author: Wild
Publisher: MCG CUSTOM
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Chapter 2, Problem 14E
To determine

Concept Introduction

General Journal: A General Journal records all the transactions that are not recorded in special journals (like sales journal, purchases journal, cash receipts journal and cash payments journal).

Journal Entry: A journal entry is made for a financial transaction of an entity and it is recorded in the journal. The journal records the financial transactions in a chronological order. The total debit amount in a journal entry is equal to the total credit amount.

To Prepare: The general journal entries for each of the seven transactions a through g by using the information from the T-accounts given in Exercise 2-13.

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Chapter 2 Solutions

WORKING PAPERS F/ FUND ACCOUNTING

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