Leslie contracts with remodel, inc., to redo her living room, but she changes her mind and breaches the contract before remodel can begin work. as a remedy for the breach, remodel can seek:

Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.