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QS 2-11 (Static) Preparing compound journal entries LO A1 Prepare compound journal entries for each transaction. a. The owner invests $6,500 cash and $3,500 of
QS 2-11 (Static) Preparing compound journal entries LO A1 Prepare compound journal entries for each transaction. a. The owner invests $6,500 cash and $3,500 of equipment in the company in exchange for common stock. b. The company acquires $2,000 of supplies by paying $500 cash and putting $1,500 on credit (accounts payable).
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Intermediate Accounting
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
Volume 1, 6th Edition
1259103250, 978-1259103254, 978-0071339476
