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Recording Nonquantitative Journal Entries: Abercrombie & Fitch

See problem attached.

For each transaction, indicate the account(s) that should be debited and credited by entering the
appropriate account number(s) to the right of each transaction. If no journal entry is needed, write
none after the transaction. The first transaction is given as an example.

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GROUP B PROBLEMS
PB3-1 Recording Nonquantitative Journal Entries
Abercrombie & Fitch Co. is a specialty retailer of casual apparel. The company's brand was
established in 1892. It became a public company in 1996 and then was spun off from The Limited
in 1998. The following is a series of accounts for Abercrombie. The accounts are listed
alphabetically and numbered for identification. Following the accounts is a series of transactions.
For each transaction, indicate the account(s) that should be debited and credited by entering the
appropriate account number(s) to the right of each transaction. If no journal entry is needed, write
none after the transaction. The first ...

Solution Summary

The solution explains the accounts that are affected by each of the given transactions

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