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As the manager of Margarita Mexican Restaurant, you must deal with a variety of business transactions. Provide an explanation for the following transactions: Paid cash

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As the manager of Margarita Mexican Restaurant, you must deal with a variety of business transactions. Provide an explanation for the following transactions: Paid cash dividends to stockholders. Paid for advertising with cash. Paid wages owed to employees, previously recorded. Performed services and were paid by the customer. Purchased equipment with cash. Received cash from customer for work to be completed in the future. Received equipment for the business in exchange for common stock

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