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Unformatted text preview: lain why you draw the conclusion. (4 points) 2 (ii) Prepare journal entries for the above transactions. For those entries that need
calculation to determine the amount, please provide the calculation process as
well. (46 points) 3 Q u es t i o n 2 :
On January 1st, 2009, Fast Track, Inc. was started with $30,000 invested by the owners
as contributed capital. On December 31st, 2009, the accounting records contained the
Consulting fees revenue
Depreciation expense $ 2,200
500 Dividends declared
Office supplies expense
Telephone expense $ 2,300
A. Prepare an i...
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This note was uploaded on 11/01/2013 for the course BUS 70-122 taught by Professor Sunez during the Fall '11 term at Carnegie Mellon.
- Fall '11