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Enter each financial transaction into a general journal. - show whats needs to be debited and credited 26. Depreciation of equipment $12,000. 27. Office labor

image text in transcribedEnter each financial transaction into a general journal. - show whats needs to be debited and credited

26. Depreciation of equipment $12,000. 27. Office labor incurred but not paid $1,750. 28. Kiewit acquired capital from its three owners by selling stock in the amount of $100,000. 29. Kiewit leveraged the stock sale by obtaining a short-term loan for $100,000. Loan terms include interest only payments each month with a balloon payment of principle and interest at the end of the loan period (one year). The annual interest is 15%. There is no penalty for early pay-off of the loan principle. 30. The first month interest payment was made for the short-term loan. 31. Wages incurred in the amount of $4,000 for each of the four weeks in the month. And there is a week lag in disbursing payroll

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