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Problem Solving Survival Guide to accompany Financial Accounting, 8th Edition by Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt

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EXERCISE 2-4

Purpose: (L.O. 6) This exercise will illustrate how to post transactions from the general journal to the general ledger.

Journal entries to record transactions for the J. Lo Motorcycle Repair Shop, Inc.. for August 2014 appear in the Solution to Exercise 2-3.

Instructions

Post the entries referred to above from the general journal to the following T-accounts. In the reference column of the journal (using the Solution to Exercise 2-3), write the account number to which a debit or credit amount is posted.

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