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QUESTION
ACC 231 Project Directions Grand River Equipment Rentals On December 1, Steve and Kim Jones formed a corporation called Grand River Equipment Rentals....
ACC 231
Project Directions
Grand River Equipment Rentals
On December 1, Steve and Kim Jones formed a corporation called Grand River Equipment Rentals. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of Rent-it, an equipment rental company that was going out of business. The corporation performs adjusting entries monthly. Closing entries are performed annually on December 31. During December, the corporation entered into the following transactions:
