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Event Account Debited Account Credited a . Received cash by issuing common stock. Cash Common stock b . Received cash for services to be performed
Event Account Debited Account Credited a Received cash by issuing common stock. Cash Common stock b Received cash for services to be performed in the future. Cash Unearned revenue c Paid salaries payable. Salaries payable Cash d Provided services on account. e Paid cash for operating expenses. Operating expenses Cash f Purchased supplies on account. Cash Cash g Recognized revenue for services completed. Cash had been collected in Event b
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