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Hi can i get help with this please? 1) Kalya invested $145,000 dollars' cash into her business for common stock 2) Kayla had a sale
Hi can i get help with this please?
1) Kalya invested $145,000 dollars' cash into her business for common stock 2) Kayla had a sale on account for $40,000 dollars. 3) Kayla received full payment on transaction 2. 4) Kayla bought a 3 year prepaid insurance policy for $21,000 dollars cash. 5) Kayla bought a car with cash for $30,000 dollars. The salvage value was 5,000 and the useful life was 10 years. 6) Kayla paid for rent in the amount of $5,000 dollars cash. Pleased complete the accounting cycle and all adjusting entries are done yearly. 145, coo Cash 145,000 Common stock b AIR Hoo Sale 000 40,000 Step by Step Solution
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