Use the Numbers Corresponding to the Accounts Below to Indicate

question 82

Essay

Use the numbers corresponding to the accounts below to indicate the entries for the transactions below. You may debit or credit more than one account. Dollar amounts have been omitted. The first one (x-y) has been done for you.
1. Accounts Receivable
2. Owner's Capital
3. Withdrawals
4. Cash
5. Income Summary
6. Legal Fees Earned
7. Rent Expense
8. Salaries Expense
9. Salaries Payable
10. Unearned Legal Fees

x-y. To record cash invested by the owner
a-b. To record the reversal of the entry that adjusted for accrued legal fees
c-d. To close the Income Summary account when net income has been realized
e-f. To record the closing of expense account(s)
g-h. To record payment of salaries for which an adjusting entry was made a few days before. The appropriate reversing entry also was made.

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Definitions:

Heredity

The transmission of genetic traits or attributes from parents to their offspring across generations.

Genotypes

The genetic makeup of an organism, comprising all of its genes and contributing to its phenotype, or observable characteristics.

Ovulate

The process in the female reproductive cycle where an ovary releases an egg, making it available for fertilization.

28 Days

Often refers to the typical length of the human menstrual cycle, although it can also denote the duration of other processes or events.