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2. Journalize the following transactions (18 points). Nov 1-Owner invested $42,000 cash in the business. Nov 2-Purchased land costing $28,000 for cash. Nov 3-Purchased
2. Journalize the following transactions (18 points). Nov 1-Owner invested $42,000 cash in the business. Nov 2-Purchased land costing $28,000 for cash. Nov 3-Purchased equipment costing $18,000 for $4,000 cash and the remainder on credit. Nov 4-Purchased supplies on account for $800. Nov 5-Paid $1,200 for a one-year insurance policy. Nov 6-Received $3,500 cash for services performed. Nov 7-Received $4,000 for services previously performed on account. Nov 8-Paid wages to employees for $2,800. Nov 9-Owner withdrew $2,300 cash from the business.
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