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Read Each Transaction and Identify the Appropriate Journal in Which

question 33

Essay

Read each transaction and identify the appropriate journal in which it should be recorded.​
1. Owner withdrew supplies
2. Sale made on account
3. Payment to vendor on account
4. Payment received from customer on account
5. Purchases on account
6. Adjusting journal entry for supplies used
7. Owner withdrew cash
8. Company borrows money from bank
9. Record monthly depreciation
10. Close revenue accounts at month's end


Definitions:

Implementing Teams

The process of bringing together a group of individuals to work collaboratively towards achieving specific objectives or projects.

Team Concept

The idea that a group of people working together can achieve better outcomes than individuals working in isolation.

Commitment to Achieving

A strong dedication or determination to reach goals or fulfill objectives.

Good People Person

An individual who is skilled at understanding, communicating with, and relating to others in positive ways.

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