Accounting Principles - Standalone book
Accounting Principles - Standalone book
12th Edition
ISBN: 9781118875056
Author: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Publisher: WILEY
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Chapter 2, Problem 2.12E

(a)

To determine

Journalizing: It is the process of recording the transactions of an organization in a chronological order. Based on these journal entries recorded, the amounts are posted to the relevant ledger accounts.

To prepare: Journal entries of the transactions.

(b)

To determine

Standard form of account: It is the statement representing a ledger account enumerating all the debit and credit transactions in one place and bifurcate the debit and credit amounts separately.

To post: Journalized entries using the standard form of account

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Accounting Principles - Standalone book

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