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Journalize the following transactions: i. Began business by making a deposit in a company bank account of $48,000, in exchange for 4,800 shares of common

Journalize the following transactions: i. Began business by making a deposit in a company bank account of $48,000, in exchange for 4,800 shares of common stock. ii. Paid the premium on a 1-year insurance policy, $1,400. iii. Paid the current month's rent, $3,000. (Points : 25)

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