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Prepare journal entries for the transactions

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Reference no: EM131712174

Prepare journal entries for the following transactions which occurred at Stark Corporation:

The owner, Tony Stark, invested cash of $12,000 and office equipment valued at $7,500 into the business, receiving common shares in exchange.

Purchased supplies for cash, $1,000.
Paid $750 for one month's rent on the store.
Billed a client, Ultron, $1,500 for services rendered.
Tony Stark received a dividend of $300.

Reference no: EM131712174

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