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I don't understand this 1 EXERCISE 3A-1 2 Date 3 7 13 NNO Account Titles and Description PR Dr. Cr journal entry. When would a

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I don't understand this

1 EXERCISE 3A-1 2 Date 3 7 13 NNO Account Titles and Description PR Dr. Cr journal entry. When would a correcting entry not be needed? ercises A 1. Prepare journal entries for the following transactions that occurred during April: 201X April 1 Jamie Moore invested $110,000 cash and $12,000 of equipment into h business. 3 Purchased building for $70,000 on account. 12 Purchased a truck from Leominster Co. for $12,000 cash. Bought supplies from Gregoire Co. for $700 on account. 18

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