FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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B. Bramble has the following transactions during August of the current year.
Aug. 1
4
16
27
Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is
entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the
account titles and enter 0 for the amounts.)
Date
Aug. 1
Aug. 4
Aug. 16
Opens an office as a financial advisor, investing $8,000 in cash.
Pays insurance in advance for 6 months, $1,600 cash.
Receives $4,000 from clients for services performed.
Pays secretary $1,400 salary.
Aug. 27
<
V
Account Titles and Explanation
Debit
Credit
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