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Question - Prepare the journal entry for each transaction in good form.
1. Purchased $2,000 of inventory on account.
2. Bought equipment worth $50,000 by paying $5,000 and signing a two-year note for the balance.
3. Paid for the inventory purchased in 1 above.
4. Sold 600 shares of $2 par value stock to investors for $4,000.
5. Workers earned wages of $300 which will be paid in January of next year.
Prepare the journal entry to record the replenishment of the petty cash fund.
royal carpet cleaning provided 90000 of services during 2011 its first year of operations. all customers paid for the
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Good Faith Hospital needs to sell bonds to finance major renovations and purchases of modern equipment. The hospital recently experienced
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