Prepare journal entries to record the following transactions of a company during the current year:
Definitions:
Problem Solving
The process of identifying solutions to specific issues or obstacles in a logical and systematic manner.
Applying Rules
The process of utilizing predetermined guidelines or procedural methods in various situations or contexts.
Using Analogies
The practice of explaining a concept or idea by comparing it to something else that is more familiar or simpler to understand.
Critical Thinking
The intellectual process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and evaluating information to reach an answer or conclusion.
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