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journal entry MOVING Corporation. June 1 Invested $35,000 cash and equipment of $10,000 in exchange for common shares June 4 Paid $3,000 for this month's
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MOVING Corporation. June 1 Invested $35,000 cash and equipment of $10,000 in exchange for common shares June 4 Paid $3,000 for this month's rent. June 5 Purchased supplies totalling $900 to be paid for in July Purchased a truck for $37,000 by signing a bank loan payable. June 10 June 15 Completed $3,800 of moving services for a client, which was immediately collected. June 18 Paid $2,400 for the next 6 months of advertising. June 25 Paid for the supplies purchased on June 5th June 29 Received the June utilities bill for $90 which is due in 10 days. June 30 Declared and paid $1,000 of dividends to shareholders Zhang Moving Corporation uses the following accounts: Cash Accounts payable Service revenue Accounts receivable Deferred revenue Advertising expense Supplies Salaries Payable Rent expense Prepaid advertising Bank loan payable Supplies expense Prepaid insurance Common shares Telephone expense Prepaid rent Dividends declared Utilities expense Equipment Truck REQUIRED: Dronare the inurnal antrine for thoshave tranenntinne on the nonarolinurnal form oStep by Step Solution
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