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How do you make a journal entry forOct. 1: Owner invests cash $35,000 and a building worth $62,000? and 7:Buy supplies on account, $2,700 8:Pay
How do you make a journal entry forOct. 1: Owner invests cash $35,000 and a building worth $62,000?
and 7:Buy supplies on account, $2,700
8:Pay $800 of the amount due on the supplies
15: Purchase $11,000 of merchandise on account
19: Return $1,700 of the merchandise
25: Pay for the purchase (2/10N/30)
27: Sell some merchandise for $17,000 on account (Cost = 2,800)
29: Draw $3,200 cash
30: Pay advertising, $600 cash
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