Prepare compound journal entries for each transaction. a. The owner, J. Cruz, invests $6,500 cash and $3,500

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Prepare compound journal entries for each transaction.
a. The owner, J. Cruz, invests $6,500 cash and $3,500 of equipment in the company.
b. The company acquires $2,000 of supplies by paying $500 cash and putting $1,500 on credit (accounts payable).

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