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CR DR 15,000 Date 08-Jan Accounts and Explanations Ref Drawings Cash Mr. V withdrew Money 15,000 1. Use the following Balance Sheet and Journal Entries to create a Ledger for Balance Sheet for V's Violins As of January 1st, 2020 Assets Cash 27000 Accounts Receivable 4000 Supplies 2500 Prepaid Rent 7000 Equipment 5500 1,700 11-Jan Cash Uneamed Revenue Customer Deposit 1.700 2.300 Total Asset 46000 17-Jan Accounts Receivable Revenue Account 2.300 Liabilities Accounts Payable Unearned Revenue Bank Loan 9000 2500 25000 1,500 7,500 18-Jan Accounts Payable Bank Loan Cash Paid off amounts owing 9,000 Total Liabilities 36500 2.500 Equity Mr. V Capital 9500 22-Jan Equipment Credit Card Payable account 2.500 46000 V's Violins Total Liabilities - Equity 300 Food Expense 27-Jan Credit Card Payable - Bought Coffee 300 3,000 28-Jan Cash Capital Mr. Vinvested Cash 3,000 1,500 Cash 30-Jan Accounts Receivable Received amount owing 1,500
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