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Correct this if found: Record each of the following Fred Co. events in T-accounts: a. Received $12,500 cash by issuing common stock. Cash Common Stock
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Record each of the following Fred Co. events in T-accounts: a. Received $12,500 cash by issuing common stock. Cash Common Stock Credit Debit Credit Debit ..... 12,500 12,500 b. Purchased supplies for $1,470 cash. Cash Supplies Debit Credit Debit Credit ****** 70 1,470 c. Purchased land for $7.600 cash. Cash Land Credit Debit Debit Credit 7,600 7.600 ...*** ** Performed services for $5,000 cash. d. Cash Service Revenue Credit Credit Debit Debit .******* ... 5,000 5,000Step by Step Solution
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