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Business transactions completed by HV Medical during the month of July are as follows. 1. Howard Vine invested $90,000 cash along with office equipment valued

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Business transactions completed by HV Medical during the month of July are as follows. 1. Howard Vine invested $90,000 cash along with office equipment valued at $22,000 in a new business named Medical Inc. in exchange for common stock. 2. The company purchased land valued at $40,000 and a building valued at $155,000. The purchase is paid with $30,000 cash and a long-term note payable for $165,000. 3. The company purchased $2,400 of office supplies on credit. 4. Vine invested his personal automobile in the company in exchange for more common stock. The automobile has a value of $16,100 and is to be used exclusively in the business. 5. The company purchased $5,100 of additional office equipment on credit. 6. The company paid $1,600 cash salary to an assistant 7. The company provided services to a client and collected $7,600 cash. 8. The company paid $640 cash for this month's utilities 9. The company paid $2,400 cash to settle the account payable created in transaction c. 10. The company purchased $20,200 of new office equipment by paying $20,200 cash. 11. The company completed $6,500 of services for a client, who must pay within 30 days. 12. The company paid $1,800 cash salary to an assistant 13. The company received $4,500 cash in partial payment on the receivable created in transaction k. 14. The company paid a $3,000 cash dividend. Download one of the journal formats that works best for you under the welcome module. Complete the above journal entries on the document. Save the document and then upload the document

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