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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
P2-62A (Learning Objectives 4, 5, 6: Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operations, Cloutier Heating and Air Conditioning, Inc., completed the following transactions:
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1. Record each transaction in the journal. Key each transaction by date. Explanations are not required.
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2. Post the transactions to the T-accounts, using transaction dates as posting references. Label the ending balance of each account Bal, as shown in the chapter.
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3.   Prepare the trial balance of Cloutier Heating and Air Conditioning, Inc., at March 31 of the current year.
4.   The manager asks you how much in total resources the business has to work with, how much it owes, and whether March was profitable (and by how much)
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