Account Adjustments
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Adjustment and closing process Basic entries:
Selected ledger counts used by Alvarez Truck Rental, Inc are listed long with identifying numbers. Following this list of account numbers and titles is a series of transactions. For each transaction, you are to indicate the proper accounts to be debited and credited.
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Solution Summary
The accounts for adjustment process basic entries are given. The transactions for debited and credited are determined. This question involves the fundamentals of accounting
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Adjustment and closing process Basic entries
Selected ledger counts used by Alvarez Truck Rental, Inc are listed long with identifying numbers. Following this list of account numbers and titles is a series of transactions. For each transaction, you are to indicate the proper accounts to be debited and credited.
1 Cash 33 Notes Payable 41 Truck Rental Revenue
2 Accounts Receivable 23 Dividends Payable 51 Advertising ...
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