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Homework 3 Journal Entries, T Accounts, Trial Balance, Financial Statements Create Journal Entries for each of the following transactions: 1/17/2020 JFI buys $3,000 of inventory

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Homework 3 Journal Entries, T Accounts, Trial Balance, Financial Statements Create Journal Entries for each of the following transactions: 1/17/2020 JFI buys $3,000 of inventory on account DR: CR: 1/20/2020 JFI receives $50,000 cash from a customer to settle and accounts receivable. DR: CR: 1/28/2020 JF issues o check in the amount of $5,000 to pay for the inventory purchased on January 1. DR: CR

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