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Choose ONE of the transactions below and show the Journal entry in good format with an explanation. Brady Company, a computer services company, entered into

Choose ONE of the transactions below and show the Journal entry in good format with an explanation.

Brady Company, a computer services company, entered into these transactions during May 2017, its first month of operations.

  1. Stockholders invested $40,000 in the business in exchange for common stock of the company.
Explain which financial statements are affected by the journal entry you selected (choose ONE)

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