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2 years ago

12

Information related to Sheridan Company:

1 answer:

Vladimir [108]2 years ago

7 0

Answer:

Oct 1.

Cash $19,900 (debit)

Common Stock $19,900 (credit)

Oct 3.

Office Furniture $2,100 (debit)

Trade Payable $2,100 (credit)

Oct 6.

Trade Receivable: N. Fennig $3,250 (debit)

Revenue $3,250 (credit)

Oct 27.

Trade Payable $900 (debit)

Cash $900 (credit)

Oct 30.

Salary Expense : Administrative Assistant $2,650 (debit)

Cash $2,650 (credit)

Explanation:

In all non-cash entries remember to observe the <em>Accrual</em> or <em>Matching</em> Principle.Thus, transactions must be recorded when they accrue or incur not when they are paid.

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Answer and Explanation:

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This is the answer but the same is not provided in the given options

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This is the answer but the same is not provided in the given options

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This is the answer but the same is not provided in the given options

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This is the answer but the same is not provided in the given options

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2 years ago

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