Journal entry is a record of all accounting transaction of a business in a chronological order. In journal entry the total of debit should be equal to the total of credit. We have to determine the journal entries and post them into T accounts.

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Chapter 2, Problem 2GLP

To determine

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Journal entry is a record of all accounting transaction of a business in a chronological order. In journal entry the total of debit should be equal to the total of credit.

We have to determine the journal entries and post them into T accounts.

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