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Journalize the following selected transactions for January. January 1 Issued common stock in exchange for $14,000 cash. 2 Received cash for providing accounting services, $9,500.
Journalize the following selected transactions for January.
January 1 Issued common stock in exchange for $14,000 cash.
2 Received cash for providing accounting services, $9,500.
3 Billed customers for services provided on account, $4,200.
4 Paid advertising expense, $700.
5 Received cash from customers on account, $2,500.
6 Paid dividends, $1,010.
7 Purchased supplies on account, $500.
8 Paid utility (telephone) bill, $900.
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