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This is an accounting situation, here is the instruction.

Use a ledger to record the information and answer the questions.

Note: On July 4, your beginning balance is (-$40).


Use at least eight transactions, four of which are debits and four are credits.

You must have an ending balance of $145.

You must include debit and credit amounts that have cents in at least five of your transactions.

Be sure to fill out the ledger as you go

Date Transaction Payment(-) Deposit (+) Balance

7/4 Beginning balance -$40.00

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