(L. OBJ. 4) Journalizing transactions [10—20 min]
Granger Technology Solutions completed the following transactions during January 2011, its first month of operations:
Requirement
1. Record the preceding transactions in the journal of Granger Technology Solutions. Include an explanation for each entry, as illustrated in the chapter. Use the following accounts: Cash; Accounts receivable; Supplies; Building; Accounts payable; Gib Granger; Capital; Service revenue; Salary expense; Rent expense.
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