7:47 0 % 40% Q2: The transactions of Medina Information Service are recorded in the...
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Accounting
7:47 0 % 40% Q2: The transactions of Medina Information Service are recorded in the general journa below. You are to post the journal entries to the accounts in the general ledger. After all entries have been posted, you are to prepare a trial balance on the form provided. General Journal J1 Date Account Titles and Explanation Ref. Debit Credit Sept. 1 Cash 35,000 Share Capital-Ordinary 35,000 (Issued ordinary shares for cash) Sept. 4 Equipment 30,000 Cash 10,000 Notes Payable 20,000 (Paid cash and issued 2-year, 9%, note for equipment)
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