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1.Transactions for James Company for the month of October are presented below. Journalize each transaction and identify each transaction by number. Prepare T accounts and

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1.Transactions for James Company for the month of October are presented below. Journalize each transaction and identify each transaction by number. Prepare T accounts and Trial balance. 1. Invested AED 144,000 cash in the business. 2. Purchased land costing AED27,000 for cash. 3. Purchased equipment costing AED 18,000 for AED4,000 cash and the remainder on credit. 4. Purchased supplies on account for AED 3000. 5. Paid AED 1400 for a one-year insurance policy. 6. Received AED 18000 cash for services performed. 7. Received AED 18000 for services previously performed on account. 8. Paid wages to employees for AED 7600. 9. James withdrew AED 2800 cash from the business

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