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Question - Prepare journal entries in good form for the following transactions.
a) Owner, Mira Addington invested equipment valued at $4,500 and cash of $7,000 into the business.
b) Purchased office supplies for cash, $550.
c) Paid $700 for current month's rent of office space.
d) Billed a client $2,000 for services rendered.
e) Owner, Mira Addington withdrew $1,600 for personal living expenses.
The market price of the stock was $110 per share on June 14. Journalize the entries required on June 14, July 1, and August 15
An asset has a first cost of $22,000, an annual operating cost of $1000, What is the tax saving on the loss in book value
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