Transaction a 2 1 9 2 9 9 2 journalizing 1 10 2 10 10

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Transaction A 2
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1-9 2-9 9 2 Journalizing
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1-10 2-10 10 The effect of this entry is shown in the accounts of NetSolutions as follows: Cash Nov. 1 25,000 Nov. 1 25,000 Capital Stock 2
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1-11 2-11 11 On November 5, NetSolutions bought land for $20,000, paying cash. Transaction B 2
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1-12 2-12 12 On November 10, NetSolutions bought supplies on account for $1,350. Transaction C 2
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1-13 2-13 13 On November 18, NetSolutions received fees of $7,500 from customers for services rendered. Transaction D 2
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1-14 2-14 14 Throughout the month, NetSolutions incurred the following expenses: wages, $2,125; rent, $800; utilities, $450; and miscellaneous, $275. Transaction E 2
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1-15 2-15 15 On November 30, NetSolutions paid creditors on account, $950. Transaction F 2
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1-16 2-16 16 Chris Clark determined that the cost of supplies on hand on November 30 was $550. Transaction G 2
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1-17 2-17 17 On November 30, NetSolutions paid $2,000 of dividends to stockholders. Transaction H 2
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1-18 2-18 18 Describe and illustrate the journalizing and posting of transactions to accounts . . 3 2-18
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1-19 2-19 19 Dec. 1 NetSolutions paid a premium of $2,400 for an insurance policy for liability, theft and fire. The policy covers a one-year period. 0 3
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1-20 2-20 20 3 to Cash Step 1 ep 3 Step 1 Step 2 Step 2 ep 3 (continued) Exhibit 4 Diagram of the Recording and Posting of a Debit and a Credit
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1-21 2-21 21 3 Step 1 Step 2
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