Journalize each transaction of Showtime as shown for September 1.

Review the facts given in P2-27A.Requirements1. Journalize each transaction of Showtime as shown for September 1.Explanations are not required.Sep 1Cash370,000Common stock370,0002. Post the transactions to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account Bal, as shown in the chapter.

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