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YouTubeDebit Decoded
How to build a Trial Balance from scratch (Step 1: Journal Entries)
Let me show you exactly how to build a Trial Balance from scratch. We're using Bright Ideas Limited – a small consulting firm in its second month. Here are the transactions this month: T1: Collected $4,000 cash from consulting clients T2: Paid $1,200 in staff wages T3: Paid $500 in office rent T4: Purchased $2,000 of new equipment (paid cash ...
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