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A. The following transactions pertain to Klein Corporation for the month of June. (18 marks) 1) Provide journal entries for each transaction. 2) Prepare T-accounts
A. The following transactions pertain to Klein Corporation for the month of June. (18 marks) 1) Provide journal entries for each transaction. 2) Prepare T-accounts for each account used. 3) Prepare a trial balance for Klein assuming that no previous account balances exist. a. Klein sold capital stock for $760,000. b. Klein paid for insurance of $45,000 in advance. c. Klein purchased a piece of equipment for $56,000. d. Klein distributed dividends of $7,000
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