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Analyze the business transactions, create the general ledger accounts, using the T-accounts

Analyse the business transactions, create the general ledger accounts, using the T-accounts. Think about the nature of each account & whether the transaction will cause it to increase or decrease. Jungle Jim would like to know where more of his sales are coming from – whether from retail? Or from wholesale? Post each transaction to the relevant general ledger, recognising that for every Debit entry there will be a corresponding credit entry. Prepare financial statements as at 31st March 2019 – Profit & Loss Statement and Balance Sheet.

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