For each of the following unrelated transactions, give the journal entry to record the transaction. Then show

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For each of the following unrelated transactions, give the journal entry to record the transaction. Then show how the journal entry would be posted to T-accounts. You need not include =a ideals explanations or account numbers. ae T-accounts.

a. Capital stock was issued for $100,000 cash.

b. Salaries for a period were paid to employees, $24,000.

c. Services were performed for customers on account, $40,000.

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Financial Accounting A Business Perspective

ISBN: 9781930789791

10th Edition

Authors: Jefferson Williams, Roger Hermanson, James Don Edwards

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