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Journalizing Transactions

Using text, perform the following: 1. Define accounting terms related to journalizing transactions. 2. Identify accounting concepts and practices related to journalizing transactions. 3. Record transactions to set up a business in a five-column journal. 4. Record transactions to buy insurance for cash and supplies on account in a five-column journal. 5. Record transactions that affect owner’s equity and receiving cash on account in a five-column journal. 6. Prove and rule a five-column journal and prove cash.

Grade levels: Undergrad

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