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1. JJ. Company began business in July. Following are the transactions during that period. Journalize the transactions below JJ Step invested $8,000 cash and

  

1. JJ. Company began business in July. Following are the transactions during that period. Journalize the transactions below JJ Step invested $8,000 cash and $1,000 equipment into her new business. Paid salaries expense, $800. Billed customers for services performed, $500. Purchased equipment on account, $200. Jul. 10 12 16 20 Received one-half amount due from July 12. 25 Paid a $100 personal telephone bill using the business chequebook. Date Account Names & Description DR CR

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