Journalize these accounting transactions. (a) Stockholders invested $9,000 in the business in exchange for common stock. (b)

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Journalize these accounting transactions.

(a) Stockholders invested $9,000 in the business in exchange for common stock.

(b) Insurance of $800 is paid for the year.

(c) Supplies of $1,500 are purchased on account.

(d) Cash of $7,500 is received for services rendered.

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471347743

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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