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1. Issued common shares for $142,500 cash. 2. Purchased dry cleaning equipment for $71,250 cash. 3. Purchased cleaning supplies, on account, for $9,540. 4. Used

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1. Issued common shares for $142,500 cash. 2. Purchased dry cleaning equipment for $71,250 cash. 3. Purchased cleaning supplies, on account, for $9,540. 4. Used $8,400 of the supplies in cleaning operations. 5. Collected $117,800 from customers for dry cleaning services provided. 6. Borrowed $15,000 from the bank on July 1,2024 , at an interest rate of 8% per year. (Use Bank Loan Payable) 7. Paid wages of $46,500 to employees. In addition to this, $1,000 of wages were owed to employees at the end of the year. 8. Depreciated the equipment by $2,850 for the year. 9. Paid $20,900 for utilities (telephone, electricity, and water). On December 31, paid interest on the bank loan described in transaction 6 . Account Titles and Explanation 1. Canh 142500 Common Shares 142.500 2. Equiprient 3. Supplies Accounts Payable 4. Sipplies Exgene Supplies 5. Cxh 117800 Servior frevenue. 71.250 BankLain Payade 7. Woses Expense 47500 Wagar Paratie 117800 Cich 8. Depredation Expenie Actumuhated Depreciation-Equipment 9. Vbalitiercepense" 20.900 Cistil 20.900 10. Itresent Experse Facr Post the journal entries to the following T accounts. (Post entries in the order of journal entries presented in the previous qu beginning balance is zero, enter 0 in the column for the normal balance for that account.) ||||| Prepare a December 31, 2024, trial balance. (Do not list those accounts that have zerv ending balance)

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