Problem

Journalizing and posting transactions.Several transactions that occurred during December 2...

Journalizing and posting transactions.

Several transactions that occurred during December 2016, the first month of operation for Boynton’s Accounting Services, follow. The company uses the general ledger accounts listed below.

INSTRUCTIONS

Record the transactions in the general journal (page 1) and post to the appropriate accounts.

Analyze: Describe the activity for account 202 during the month.

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Solutions For Problems in Chapter 4

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