Journalize the following business transactions. a. Wes Lee invests $7,000 cash in the business. b. Insurance of

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Journalize the following business transactions.
a. Wes Lee invests $7,000 cash in the business.
b. Insurance of $800 is paid for the year.
c. Supplies of $2,000 are purchased on account.
d. Cash of $8,500 is received for services performed.

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Accounting Principles

ISBN: 978-1119411482

13th edition

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

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Question Posted: Jan 12, 2019 04:29 AM

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Journalize the following business transactions. a. Wes Lee invests $7,000 cash in the business. b. Insurance of

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a Cash 7000 Owners Capital 7000 Invested cash in the business b Prepaid Insurance 800 C...View the full answer

Accounting Principles

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