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Prepare the journal entries and ledgers

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Reference no: EM132948886

Question -

1. They invested $100,000 in cash in the business.

2. They purchased on credit $10,000 worth of goods from several suppliers.

3. They sold on a cash basis $13,000 worth of products and services.

4. They paid $3,000 for salaries.

Use the above information to prepare the following: 1. Journal entries 2. Ledgers 3. Trial balance.

Reference no: EM132948886

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