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3. The firm bought land and paid $20,000 in cash with an obligation to pay $10,000 more later (effectively a loan from the land seller).

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3. The firm bought land and paid $20,000 in cash with an obligation to pay $10,000 more later (effectively a loan from the land seller). Populate the template at the time of the purchase. 4. Employees worked for the firm during December and earned $10,000. The firm paid them $9,000 and owes them the rest to be paid in January. Populate the template for December. 5. The firm placed an order for $5,000 of inventory to be delivered next month. They did not make a cash deposit. Populate the template at the time of placing the order. 6. A customer gave a deposit of $500 in December. In January the firm provided services for $2,500 - at which time the customer paid the remaining balance. Populate the template for January

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