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help me and I give thumbs up ! and can you gimme an explanation if that possible Jul. 1 Yasmin contributed $62,000 cash to the
help me and I give thumbs up ! and can you gimme an explanation if that possible
Jul. 1 Yasmin contributed $62,000 cash to the business in exchange for common stock. Jul. 5 Paid monthly rent on medical equipment, $630. Jul. 9 Paid $18,000 cash to purchase land to be used in operations. Jul. 10 Purchased office supplies on account, $1,300. Jul. 19 Borrowed $32,000 from the bank for business use. Jul. 22 Paid $1,200 on account. Jul. 28 The business received a bill for advertising in the daily newspaper to be paid in August, $280. Jul. 31 Revenues earned during the month included $6,600 cash and $5,700 on account. Jul. 31 Paid employees' salaries $2,600, office rent $900, and utilities $350. Record as a compound entry. Jul. 31 The business received $1,220 for medical screening services to be performed next month. Jul. 31 Paid cash dividends of $7,500. :lude explanations from journal entries.)Step by Step Solution
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