Tuesday, 24 July 2012


Breif Exercise 2-6

T. J. Carlin Inc. has the following transactions during August of the current year.

Aug. 1     Opens an office as a financial advisor, investing R$8,000 in cash in exchange for ordinary shares.

        4     Pays insurance in advance for 6 months, R$1,800 cash.

       16    Receives R$800 from clients for services provided.

       27    Pays secretary R$1,000 salary.

Instructions:

 Journalize the transactions. (You may omit explanations.)

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