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5 points 010340 TB Problem Qu. 2-134 (Algo) Popover Company was Popover Company was formed on January 1, 2022. The three initial owners each
5 points 010340 TB Problem Qu. 2-134 (Algo) Popover Company was Popover Company was formed on January 1, 2022. The three initial owners each invested $202,000 cash and each received 10,000 shares of $1 par value common stock. Below are selected transactions that were completed during January, 2022 1. Issue shares of common stock to the owners 2. Borrowed $162,000 on a one-year note payable. 3. Purchased land by signing a $142,000 note payable 4. Paid $22,000 of accounts payable. 5. Purchased two service vehicles for cash at a cost of $50,000 each. 6. Purchased $4,200 of supplies on credit Required: Prepare the journal entry on Popover's books for each transaction
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