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Problem the journal in which each of the following transactions should be recorded: thecowner (a) (b) (c) (d) (e) (t) (g) Investment of additional cash in the business by the owner. Rendering of services for cash. Rendering of services on account. Receipt of cash on account from a customer. Sale of office supplies for cash, at cost, to a neighboring business. Adjustment to record supplies used at the end of the year. Closing of drawing account at the end of the year. ering of serves
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Answer #1

Solution :

a) Investment of additional cash in the business by the owner - Cash receipt journal

b) Rendering of services for cash - Cash receipt journal

c) Rendering of services on account - Revenue journal

d) Receipt of cash on account from a customer - Cash receipt journal

e) Sale of office supplies for cash at cost to a negihboring business - Cash receipt journal

f) Adjustment to record supplies used at the end of the year = General journal

g) Closing of drawing account at the end of the year = General journal

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