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Date Description Post ref. Debit Credit 20XX June (Owner's capital contribution) (Display stands, shelving and computer for shop; loan repayable over 3 years) (1 year

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Date Description Post ref. Debit Credit 20XX June (Owner's capital contribution) (Display stands, shelving and computer for shop; loan repayable over 3 years) (1 year insurance policy) "Inventory purchase on terms of net 30) (Advertising for the month) (Cash sale) (Adjust inventory) (Credit purchase on terms of 10/10, n/30)

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