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Richard Gibbs began a business called Richard s Shoe Repair Create T accounts for Cash; Supplies; Richard Gibbs Capital and Utilities Expense Identify the following transactions by letter and

Richard Gibbs began a business called Richard s Shoe Repair. 1. Create T accounts for Cash; Supplies; Richard Gibbs, Capital; and Utilities Expense. Identify the following transactions by letter and place them on the proper side of the T accounts: (a) Invested cash in the business, $6,500. (b) Purchased supplies for cash, $700. (c) Paid utility bill, $2,700. 2. Foot the T account for cash and enter the ending balance.

May 22 2020 View more View Less

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