utions. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST REF DEBIT CREDIT ASSETS LIABILITIES EQUITY

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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Instructions
Journal
A. Journalize these transactions in a two-column journal. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal
explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered
PAGE 1
JOURNAL
ACCOUNTING EQUATION
DATE
DESCRIPTION
POST. REF.
CREDIT
LIABILITIES
DEBIT
2,800.00
11-2013 Octobe
Rent a/
2
625.00
Cash a/c
3-2013 Oct Advertising Expenses
Cash ale
2,800.00
ASSETS
EQUITY
Transcribed Image Text:Instructions Journal A. Journalize these transactions in a two-column journal. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. CREDIT LIABILITIES DEBIT 2,800.00 11-2013 Octobe Rent a/ 2 625.00 Cash a/c 3-2013 Oct Advertising Expenses Cash ale 2,800.00 ASSETS EQUITY
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