Journalizing transactions, posting to T-accounts, and preparing a trial balance Problem P2-41 continues with the consulting business begun in Problem P1-54 in Chapter 1. Here you will account for Daniels Consulting’s transactions as it is actually done in practice. Daniels Consulting completed the following transactions during December 2016: Dec. 2 Daniels contributed $20,000 cash in exchange for capital. 2 Paid monthly office rent, $2,000. 3 Paid …
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