The following T-accounts contain numbered entries for the July transactions of RL, Inc., who opened on July 1 of this year.

Give a reasonable description of each of the nine numbered transactions entered in the above accounts. Example: (1) Shareholders invested $30,000 cash in the business.

Question

The following T-accounts contain numbered entries for the July transactions of RL, Inc., who opened on July 1 of this year.
  
Give a reasonable description of each of the nine numbered transactions entered in the above accounts. Example: (1) Shareholders invested $30,000 cash in the business.

Quizplus · Accepted Answer

The Answer of The following T-accounts contain numbered entries for the July transactions of RL, Inc., who opened on July 1 of this year.
  
Give a reasonable description of each of the nine numbered transactions entered in the above accounts. Example: (1) Shareholders invested $30,000 cash in the business.

The Following T-Accounts Contain Numbered Entries for the July Transactions