The transactions Company during January, its first month of...
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Accounting
The transactions Company during January, its first month of operations, are listed below. Assume that Franklin Company cash payments (CP), purchases (P), and general (G). Assume that letters which journal would be used for each it uses accounts receivable and accounts payable subsidiary ledgers as well as a general ledger. Indicate by and whether or not the entry requires a posting to a subsidiary ledger Clear All G, no subsidiary posting Purchased a computer for CP no subsidiary posting Paid for the equipment purchased on account OP subsidiary posting supplies used during the month
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