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Cornerstone Exercise 2-26 Journalize Transactions Four transactions that occurred during June are listed below. a. June 1: Issued common shares to several investors for $83,000
Cornerstone Exercise 2-26 Journalize Transactions Four transactions that occurred during June are listed below. a. June 1: Issued common shares to several investors for $83,000 b. June 8: Purchased equipment for $12,800 cash C. June 15: Made cash sales of $21,400 to customers d. June 29: Declared and paid a $6,500 dividend to shareholders Required: Prepare journal entries for the transactions. June 1 (Record issuance of common shares) June 8 (Record purchase of equipment) June 15 (Record cash sales) June 29 June 29 (Declared and paid cash dividends)
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