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From the following transactions, pass journal entries. 2011 May 1. John started a business with Cash $35,000. 2. Purchased from David $8,000. 3. Sold to

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From the following transactions, pass journal entries. 2011 May 1. John started a business with Cash $35,000. 2. Purchased from David $8,000. 3. Sold to Mark $15,000. 4. Paid to David $6,700. 5. Received from Mark $10,500. 6. Received commission $10,500 A B

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