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Raeph’s Auto Shop

Assignment: Raeph’s Auto Shop

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Due
No Due Date

Points
100

Submitting
a file upload

Use Raeph’s Auto Shop document to record the transactions below into a general journal. When recording the transactions into the general journal, be sure to record debits first, then credits.

201X

May 1

Raeph Savareses invested $75,000 cash in the auto shop.

5

Paid $8,000 for auto equipment.

8

Bought auto equipment from Leominster Co. for $6,000 on account.

14

Received $1,300 for repair fees earned.

18

Billed Lumb Co. $750 for services rendered.

20

Raeph withdrew $200 for personal use.

Submission RequirementsSubmit the following documents by the due date. Be sure to follow these requirements in your work:Type your assignment into the MS Excel template provided in the instructions (.xls or .xlsx).Please click the “Submit Assignment” link and follow the prompts to upload your assignment.

 

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