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Journalize the following transactions for Smith Inc. 2. On January 1, owners invest $15,000 in exchange for common stock. 3. On January 10th, customers prepaid

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Journalize the following transactions for Smith Inc. 2. On January 1, owners invest $15,000 in exchange for common stock. 3. On January 10th, customers prepaid a $8,000 cash deposit for consulting services Smith will begin next month 4. On January 15, Smith's Board of Directors declared and paid a $3,000 dividend. pero a 20.000 cash

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